Today, let's dive into the topic of home equity and understand how recent market trends impact it. You might have heard that home equity fell over the past year, but it's essential to put things into perspective. Let's take a closer look.
Equity is closely tied to home values, and it's true that home prices moderated from the peak we saw during what we fondly call the "unicorn years." However, looking at the bigger picture, we can see a more optimistic outlook. The graph in the video demonstrates the tappable equity in the country since 2005, and the recent steep increases have been truly remarkable.
While there might have been a slight dip in equity from the all-time highs, we are still in a fabulous position in terms of home equity and the overall market. Even compared to previous years, the current year boasts remarkable levels of home equity. If you're considering selling, now remains a fantastic opportunity. The trends predict continued equity appreciation for the next few years, making it a favorable time to seize the moment.
Though we might not be at the absolute peak we experienced when interest rates were low and multiple offers were abundant, the current market still offers great potential. The wave of home equity increase has been substantial, and selling now allows you to capitalize on those gains. Whether you're ready to buy, sell, or invest, our experienced team can guide you through the market trends and help you make an informed decision.
Got questions about the market? We've got answers. If you're looking to buy, sell, or invest in real estate or know someone who is, don't hesitate to reach out to us. Our team has over 20 plus years of experience, and we're here to provide you with valuable insights and advice. Give us a call today and let's discuss your real estate goals!