Have you checked out home price gains recently? In the most recent quarterly report released by the Federal Housing Finance Agency, all states in the union experienced growth in property values. In fact, average growth in home prices is positive for every state whether you look at 3-month, 1-year, 5-year, 10-year or 30-year averages.
What does this mean for you?
- It reaffirms the potential for growth in your home's value.
- Even if you've tried before and couldn't, it can open doors for refinancing. You may be able to access cash or save on payments and mortgage insurance.
- It reassures you that short-term recessionary dips can be overshadowed by long-term gains.
Click the image below for both an overview of home price appreciation rates and an opportunity to drill down to prices in your zip code. You may even want to bookmark it, as the numbers are updated regularly.
If we can answer any home financing questions or provide assistance to you or a friend or family member, please reach out. We are happy to help. 833-845-1234