Top 10 Markets with Greatest Increase in Equity

Over the long term real estate can be a great way to build equity and wealth. Do you know the current value of your home? You may have more equity than you realize.

[quote_left]In just a short two years, the nation’s property owners have accumulated nearly $4 trillion in housing wealth[/quote_left]

“Even in the wake of the worst housing recession in modern history, a majority of homeowners who purchased at the national market’s peak in 2006 have positive equity today in their home.”top10markets

The National Association of Realtors released a study in mid-March ranking the top 10 markets in the nation with the greatest increase in home equity since Q4 of 2010. Honolulu was ranked #7 in the list.real_estate_holdings

“In just a short two years, the nation’s property owners have accumulated nearly $4 trillion in housing wealth.”

This is exciting news for homeowners and investors, but it does have some worried that the “wealth train has already left the station without young first-time homebuyers.” The total number of renters has been rising over the last few years while the number of homeowners has remained relatively steady. This could prompt first-time buyers to take a more serious look at the market.

Now might be a great time to take advantage of the market conditions. If you’re interested in the learning the value of your home contact an agent today »

Full story at National Association of Realtors and National Association of Realtors

Image: wallpaperswiki.org and NAR

SHARE
Previous articleWine Down Wednesday #1
Next articlePop-By Your Peeps
We are a locally owned, fast paced, highly professional, and extremely innovative company that serves all your real estate needs in Hawaii through passionate agents who provide an exceptional client experience.

NO COMMENTS

LEAVE A REPLY