Increase Home Value | Market News & Stats Blog

Thursday, September 24, 2020   /   by Laura Lynn

Home Equity Give Sellers Options in Today’s Market

Homeownership is one of the best ways to invest in your financial future, especially as your home equity grows. Home equity is a form of forced savings that can work to your advantage as the value of your home appreciates. Across the country, home equity was increasing before the health crisis swept our nation, and it continues to grow throughout the year, giving sellers powerful options in this market.
According to the just-released Q2 Homeowner Equity Insights Report by CoreLogic:
“U.S. homeowners with mortgages (roughly 63% of all properties) have seen their equity increase by a total of nearly $620 billion since the second quarter of 2019, an increase of 6.6%, year over year.” 
Dr. Frank Nothaft, Chief Economist for CoreLogic, attributes much of the equity growth to rising home prices:
"The CoreLogic Home Price Index registered a 4.3% annual rise in prices through June, which supported an increase in home equity. ...

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  northwest real estate, real estate market statistics, housing supply, economy, home seller, real estate statistics, home values, increase home value

Friday, March 20, 2020   /   by Laura Lynn

A Recession Does Not Equal a Housing Crisis [INFOGRAPHIC]

Some Highlights


The COVID-19 pandemic is causing an economic slowdown.



The good news is, home values actually increased in 3 of the last 5 U.S. recessions and decreased by less than 2% in the 4th.



All things considered, an economic slowdown does not equal a housing crisis, and this will not be a repeat of 2008.


Want to discuss this further? Call us at 425-209-0204 or email laura@nwret.com  ...

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  northwest real estate, real estate, home buyer, northwest real estate team, real estate news, real estate market statistics, pnw, washington, housing supply, newsletter, buy vs. rent, increase home value

Saturday, February 15, 2020   /   by Laura Lynn

The #1 Reason to List Your House Right Now

The success of the U.S. residential real estate market, like any other market, is determined by supply and demand. This means we need to look at how many potential purchasers are in the market versus the number of houses that are available to buy. With early 2020 housing data now rolling in, it’s quite evident there are two big stories impacting this year’s residential real estate market:
1. Buyer demand is already extremely strong2. Housing supply is at a historically low level
Demand
ShowingTime is a firm that compiles data from property showings scheduled across the country. The latest ShowingTime Showing Index reveals how showings have increased in each of the country’s four regions for five months in a row.
Supply
Move.com also just released information indicating that the number of homes currently for sale has declined rapidly and now sits at the lowest level in almost a decade. They explained,
“Nation ...

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  northwest real estate, home seller, real estate, northwest real estate team, increase home value, housing supply

Wednesday, January 29, 2020   /   by Laura Lynn

Strength of the Economy Is Surprising the Experts

We’re currently in the longest economic recovery in U.S. history. That has caused some to ask experts to project when the next economic slowdown (recession) could occur. Two years ago, 67% of the economists surveyed by the Wall Street Journal (WSJ) for the Economic Forecasting Survey predicted we would have a recession no later than the end of this year (2020). The same study done just three months ago showed more than one third of the economists still saw an economic slowdown right around the corner.
The news caused concern among consumers. This is evidenced by a recent survey done by realtor.com that shows 53% of home purchasers (first-time and repeat buyers) currently in the market believe a recession will occur by the end of this year.
Wait! It seems the experts are changing their minds….
Now, in an article earlier this month, the Wall Street Journal (WSJ) revealed only 14.3% of those economists now b ...

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  northwest real estate, home seller, real estate news, real estate, northwest real estate team, real estate market statistics, increase home value

Monday, December 23, 2019   /   by Laura Lynn

2020 Forecast Shows Continued Home Price Appreciation

Questions continue to rise around where home prices will head in 2020. The latest forecast from CoreLogic shows continued appreciation at 5.4% over the next year:Additionally, ARCH Mortgage Insurance Company in their current Housing and Mortgage Market Review revealed their latest ARCH Risk Index, which estimates the probability of home prices being lower in two years. Based on the most recent results, 32 of the 50 U.S. states (plus D.C.) had a minimal probability of lowering by 2021.

Bottom Line

Experts forecast home price appreciation to continue at a moderate rate as we move through 2020 and beyond. With appreciation growing, let’s get together and plan for your next move. ...

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  real estate news, home buyer, home seller, increase home value, northwest real estate, real estate market statistics