You May Be Able To Use Your Equity To Sell Your House

Equity is the difference between what you owe on the home and its market value based on factors like price appreciation.

In today’s real estate market, many homeowners have far more equity in their homes than they realize due to the home price appreciation we’ve seen over the past few years.

Buying a home is a powerful decision, and it remains a key part of the American Dream. In fact, the 2022 Consumer Insights Report from Mynd found the majority of people polled still view homeownership as a key life achievement. Let’s explore just a few of the reasons why so many Americans continue to value homeownership.

What’s Ahead for Mortgage Rates and Home Prices?

Charming New England Colonial in the Heart of Dedham! This 4 bedroom + study home has been lovingly maintained and thoughtfully updated over the years. You'll want to gather in the bright and inviting dining room, the classic and comfortable living room, and the sleek and stylish chef's kitchen. The entertaining continues outside with a [...]

Every time there’s a news segment about the housing market, we hear about the affordability challenges buyers are facing today. Those headlines are focused on how much mortgage rates have climbed this year. And while it’s true rates have risen dramatically, it’s important to remember they aren’t the only factor in the affordability equation.

Here are three measures used to establish home affordability: home prices, mortgage rates, and wages. Let’s look closely at each one.

Homeownership Wins Over Time [INFOGRAPHIC]

Some Highlights

• If you’re questioning whether or not to buy a home this year due to today’s cooling market, consider the long-term financial benefits of homeownership.
• As a homeowner, equity increases your wealth. On average, nationwide, home prices appreciated by 290.2% since 1991.
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While higher mortgage rates are creating affordability challenges for home buyers this year, there is some good news for those people still looking to buy a home.

As the market has cooled this year, some of the intensity buyers faced during the peak frenzy of the pandemic has cooled too. [...]

• If you’re planning to sell your house this year, you likely have questions about what the shift in the housing market means for your home sale.
• You might be wondering: Should I wait to sell? Are buyers still out there? And can I afford to buy my next home?
• Let’s connect so you can get answers to these questions and learn about the opportunities you still have in today’s housing market.

• Even with higher mortgage rates, the mortgage process doesn’t need to be something you fear. Here are some steps to help as you set out to buy a home.
• Know your credit score and work to build strong credit. When you’re ready, lean on the pros and connect with a lender so you can get pre-approved and begin your home search.
• Any major life change can be scary, and buying a home is no different. Let’s connect so you have an advisor by your side to take fear out of the equation.

3 Graphs Showing Why Today’s Housing Market Isn’t Like 2008

With all the headlines and talk in the media about the shift in the housing market, you might be thinking this is a housing bubble. It’s only natural for those thoughts to creep in that make you think it could be a repeat of what took place in 2008. But the good news is, there’s [...]

Rare opportunity to own one of the only few luxurious single family homes in this community, located only steps from distinguished Golf clubs & beautiful Lake Merced.

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Welcome to 32 West 69th Street, a 5 story townhouse built in 1910 on the best block in the Upper West Side. This 11 unit, 21 foot home is situated across from Central Park on a tree lined, quiet, residential street. Currently, this home is built 21 feet wide by 75 feet on a 100.42 foot lot.

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This fetching modern-style Venice, California, residence presently owned by Anna Paquin and Stephen Moyer — the so-called ‘Hollywood Bowl House’ — is back for a relist this fall with a price snip.

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The lavish Los Angeles Mediterranean-style estate of boxing champ Sugar Ray Leonard is available for sale this fall. The property makes its latest pass in the upper-echelon L.A.-area listings with a price snip that takes its asking price from $46.5 million to $45 million on the nose. Leonard initially had the place marketed at $52 million.

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