Time for an updated market analysis. You may be surprised in the change in your home’s value!

September 26, 2017

Equity regained with rising home prices.

93.8% of all mortgaged properties across the nation have now regained equity, according to a report by CoreLogic.

62,000 homes regained that equity in the last quarter of 2016.

“Average home equity rose bt $13,700 for U.S. homeowners during 2016,” says Frank Nothaft, chief economist for CoreLogic. “The equity build-up has been supported by home price growth and paydown of principal… Further, about one fourth of all outstanding mortgages have a term of 20 years or less, which amortize more quickly than 30 year loans and contribute to faster equity accumulation.”

What’s your equity? Time to move?

Maybe you thought seriously about moving a few years ago.  Sat down with an agent, got your market analysis and everything. Except you were disappointed with your home’s value at that time. Times have changed!  Sellers are in a wonderful position today. 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

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