Rising Home Prices Mean Great News For Homeowners

Dated: 08/03/2017

Views: 64

Recently there has been a lot of talk about home prices and if they are accelerating too quickly. As we mentioned before, in some areas of the country, seller supply (homes for sale) cannot keep up with the number of buyers who are out looking for homes, which has caused prices to rise.

The great news about rising prices, however, is that according to CoreLogic’s Homeowner Equity Report, the average American household gained over $14,000 in equity over the course of the last year, largely due to home value increases.

The map below was created using the same report from CoreLogic and shows the average equity gain per mortgaged home during the 1st quarter of 2017 (the latest data available).

Rising Home Prices Mean Great News for Homeowners | MyKCM

For those who are worried that we are doomed to repeat 2006 all over again, it is important to note that homeowners are investing their new-found equity in their homes and themselves, not in depreciating assets.

The added equity is helping families put their children through college, invest in starting small businesses, pay off their mortgages sooner and even move up to the home that will better suit their needs now.

Bottom Line

If you are a homeowner looking to take advantage of your home equity by moving up to your dream home, let’s get together to discuss your options!


“Keeping Current Matters.” Member Area, www.mykcm.com/2017/08/03/millennial-homeownership-rate-increases/.

Blog author image

Susan Gentry

I've been in San Antonio Real Estate for 24 years and a Broker for 8 years and I love my job! I was a military brat and we moved all the time, so growing up we never had roots and never owned our ....

Latest Blog Posts

Things To Ponder When Considering The Sale Of Your Home

Have you ever visited someone and find their home in a mess?  You might expect to hear an apology or an excuse (i.e., sick baby) for the stack of dirty dishes on the table and dried food

Read More

Renting VS Buying Which Is The Better Option For You

Renting VS Buying: Which is the best option for you? There are so many opinions on this topic! Of course, there are so many factors that go into determining which is the best option for

Read More

The Start Of Fiesta And More To Do This Weekend

VIVA FIESTA!It's officially the start of Fiesta San Antonio! Just this weekend alone there are 60+ events and over half of them are FREE admission! If you go, make sure to take some pictures and

Read More

The Origin Of Memorial Day

Ever wonder how the Memorial Day Holiday (or Decoration Day, as it was originally dubbed) began? Interestingly, it did not become a federal holiday until 1971.Thank you to all service men

Read More