92% of homeowners with a mortgage have regained equity
92% of homeowners with a mortgage now have equity in their property, according to CoreLogic’s recent equity report. 256,000 households regained that equity in the third quarter of 2015. This results in an increase in wealth and confidence. Many homeowners who sat tight, waiting for their value to rebound, are now in a better position to consider moving up and on.
How much equity do you think you have?
A recent study by Fannie Mae found that only 37% of those surveyed though they had significant (20%+) equity in their properties. In actuality, 69% of them did. Today’s incredibly low interest rates make thinking of a move very tempting and so many people may not realize the position they are in with their home equity. Time to talk to an expert.
Time to move?
If you have been thinking about moving and are uncertain of your equity situation or what price you could get for your house, please talk to a First Weber real estate agent who will sit down and provide a complimentary detailed market analysis of your property and its potential value. Current home-for-sale inventory is short in many areas of Wisconsin, resulting in competing offers and higher prices.
You can see homes currently for sale in your area at FirstWeber.com to get an idea of what homes are priced at in your community. Here’s a preview of all of First Weber’s real estate services.
First Weber sells real estate throughout Wisconsin:Metro Milwaukee and Southeastern WI, South Central Wisconsin/Greater Madison, Southwestern WI, Central Wisconsin, Western Wisconsin, Northeast Wisconsin and Wisconsin’s great Northwoods. You can start searching for Wisconsin real estate and Wisconsin real estate agents at firstweber.com