Have You Outgrown Your Current Home?
For many Americans, buying their first home is their first taste of achieving part of the American Dream. There is a sense of pride that comes along with owning your own home and building your family’s wealth through your monthly mortgage payment.
It may seem hard to imagine that the first home you purchased (which made your dreams come true) might not be the home that will allow you to achieve the rest of your dreams. The good news is that it’s ok to admit that your home no longer fits your needs!
According to CoreLogic’s latest Home Price Index, prices in the starter home market have appreciated faster than any other category over the last year, at 9.4%. At the same time, inventory in this category has dropped 14.2%.
These two stats are directly related to one another. As inventory has decreased and demand has increased, prices have been driven up.
This is great news if you own a starter home and are looking to move up to a larger home as the equity in your home has risen as prices have gone up. Even better is the fact that there is a large pool of buyers out there searching for your starter home to help them achieve their American Dream!
If you have outgrown your current home, contact Help-U-Sell Real Estate Agency at 818-997-1000 and speak to one of our agents to evaluate your situation and who can explain the market conditions in your area and help you find your next home!
675,000 Homeowners Regained Equity in 2017. CoreLogic’s latest Equity Report revealed that “over the past 12 months, 675,000 borrowers moved into positive equity.“
This is great news, as the share of homeowners with negative equity (those who owe more than their home is worth), has dropped more than 20% since the peak in Q4 of 2009 (26%) to 4.9% today
There are many unsubstantiated theories as to why home values are continuing to increase.
From those who are worried that lending standards are again becoming too lenient (data shows this is untrue), to those who are concerned that prices are again approaching boom peaks because of “irrational exuberance” (this is also untrue as prices are not at peak levels when they are adjusted for inflation), there seems to be no shortage of opinion.
Mortgage Payment Across Time Average – Interest Rate and Mortgage Payment
The average 30-year fixed mortgage rates and the approximate payment for a $250,000 mortgage.
Payments are principal and interest only based on a $250,000 fully amortizing mortgage.
Home Buying Mistakes by Generation
No matter the age or life stage, everyone makes mistakes when it comes to home buying.
From picking the wrong location to buying more house than you can afford, here are the top mistakes home buyers make at every stage.
Top Reasons to Own Your Home
Privacy – Having a space that is solely your own.
Family – Putting the needs of your immediate family and children first.
Financial Investment -The chance to grow your assets and wealth.
Search Homes For Sale in Northridge and North Hills
We also have a complete Multiple Listing Service (MLS) of residential houses for sale in Lake Balboa, Arleta, Northridge, Mission Hills, North Hills, North Hollywood, Panorama City, San Fernando, Sun Valley, Sylmar, Van Nuys, Castaic, Valencia, Canyon Country, Stevenson Ranch, Santa Clarita, Bouquet Canyon, or any other Los Angeles, San Fernando Valley or Santa Clarita Valley Real Estate.
Homes Sold in the Northridge and North Hills area in the last 90 days.
You’re paying how much to sell your home?
With the Help-U-Sell Real Estate company concept, you could save thousands of dollars when you sell your home.
Want to know more? Call us at 818-997-1000, or complete the form below to request more information.