What’s My Home Worth? In Southwest Florida
Last year we saw headlines about a possible housing market bubble, and many wondered if Americans still felt confident about the value of their homes. Recently, the 2018 Houzz & Home Study revealed:
“Homeowners with mortgages have seen their home equity more than double since 2011, increasing to a record-setting $8.3 trillion in 2017.”
The average homeowner gained $16,200 in home equity between Q2 2017 and Q2 2018 according to the latest release of CoreLogic’s Home Equity Report.
What’s My Home Worth? Since 2011 home values have increased significantly throughout the country, with prices rising by 5.1% in 2018 alone. When surveyed, homeowners revealed the top four reasons why they felt their homes had increased in value.
What’s My Home Worth?
- Desirable Location
- Improved National Economy
- Improved Local Economy
- Low Home Inventory in My Area
As we can see, not only does the data show that the homes have appreciated, but homeowners also believe they know why. Many have taken advantage of the opportunity to use their newly found equity to sell their current house and move up to their dream home!
2019 will be a good year for the homeowners that still want to take advantage of their home equity! CoreLogic forecasts that home prices will increase by 4.8% by the end of the year.
If you are a Naples homeowner and are curious what your home is work, let’s get together. I’ll be happy to evaluate the hidden treasures in your home! Glenna has over 14 years of full time dedication to serving home sellers and buyers. Glenna serves the Greater Naples area and Lely Resort. If you’re in the market to sell your home, Glenna is an excellent choice and is known for going the extra mile for her customers. Not sure I’m the right agent for you? Read some of my customers testimonials.
You can request a free, no obligation home values report here… Please note, reports are limited to the Greater Naples Area.Get My CMA Report