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]
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.
“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 »
Image: wallpaperswiki.org and NAR