HOME EQUITY

Dated: January 8 2021

Views: 93

Good news for homeowners - property appreciation has surged to its highest level since 2014, enabling you to build more wealth. As of the third quarter of 2020, the average homeowner gained about $17,000 in equity year over year. The sharp rise in housing demand and record-low interest rates both helped to bolster homeowners' equity. Many owners are leveraging their newfound increased equity to fund renovations and make updates to their property. Other possibilities would be, if you are downsizing or moving out of state to a lower priced area, you could sell your home and take advantage of that equity you have built up plus lowering your long term housing costs. These are a couple of really interesting thoughts to consider. If you have any questions, call me and we can talk.

Jim Mazzerina

609-618-7683
Image title

Blog author image

Jim Mazzerina

ABR, CRS, E-Pro, RSPS, SFR, SRES Jim is a “Jersey boy” originally from north Jersey in the Totowa, Little Falls area. He made the move to Stafford about 32 years ago, after finding the perfect....

1 comments in this topic

  • Posted by Gwen Goettle
    01/11/2021
    Hi Jim -\r\nI’d like a price evaluation for 21 Hideaway Drive Beach Haven Park, for my mother, Veronica Purul. Can you let me know if this can be done by your office?

Latest Blog Posts

Low Mortgage Interest Rates And Buying A Home In The Long Beach Island Real Estate

 Low Mortgage Interest Rates and Buying a Home in the Long Beach Island Real EstateLow Mortgage Interest Rates and Buying a Home in the Long Beach Island Real Estatewww.BuyLBI.comClick here to

Read More

LBI Rentals Of The Week

LBI RENTALS OF THE WEEKIt's time to find that perfect vacation rental for your #LBI2021Vacation on beautiful Long Beach Island!Looking for bayfront, oceanfront, pet-friendly, or with a pool?  I

Read More

Conventional Mortgages In The Long Beach Island Real Estate Market

 Conventional Mortgages in the Long Beach Island Real Estate MarketLong Beach Island Real EstateA conventional mortgage is among the most common type of loans we see employed in the

Read More

How Much Have Long Beach Island Real Estate Home Prices Increased Since Coronavirus

 How Much Have Long Beach Island Real Estate Home Prices Increased Since Coronavirus?Long Beach Island Real Estate and COVID-19Everyone is well aware of the impacts COVID-19 has

Read More