Homes Value Sell

Existing Homes Value Are Up – It’s A Great Time To Sell

Thomas Gilliam Blog , equity gains , home prices , home sellers , Oakland County Leave a Comment

The Great Recession was one of the most challenging times in US history and in the Oakland County area. The US lost nearly 9 million jobs, unemployment nationwide hit an astounding 10%, and housing prices fell a whopping 33%, causing American households to lose of $16 trillion dollars in net worth also losing their homes value. After the housing crisis of 2008, many homeowners found themselves “upside down” on their properties, with their mortgage balances significantly higher than their homes value. According to Zillow, negative equity in the US peaked 31.4% in Q1 of 2012, meaning nearly one-third of all mortgage …

Housing confidence for sellers

Housing Confidence Hits All-Time High (And What This Means For Sellers)

Thomas Gilliam Blog , equity , home sellers , housing confidence Leave a Comment

The Housing Confidence is at an all time high, this is great for home sellers that are looking to sell or downsize or cash in on their equity. With plenty of reasons to buy a home, but one of the main reasons is to build wealth. And if you own a home, chances are good that your wealth has gone up a few notches in the past year. According to the most recent Home Price Index Report from CoreLogic, home prices nationwide increased by 7% from March 2017 to March 2018. According to an April 2017 article from the National Association of Realtors, the …

Homeowner Equity Continues To Increase In Oakland County dollar sign

Home Equity Continues To Increase In Oakland County

Thomas Gilliam Blog , equity , home prices , oakland county Leave a Comment

When you buy a house in Oakland County, you’re not just purchasing a place to live,you’re also making an investment in the real estate market. Which means, as your home’s value grows, so does your equity. Equity, of course, refers to the amount a property is worth minus the amount still owed on the mortgage. Put simply, if your equity is growing, that’s good news for Oakland County homeowners. Which is why new numbers from the Board of Governors of the Federal Reserve System are encouraging. That’s because they show homeowner equity on the rise. In fact, the total value …