Find Out Your Homes Value Today

Dated: October 21 2016

Views: 400

Lately there has been a lot of talk about home prices and if they are acEconomic Statscelerating too quickly. In some areas of the country, seller supply (homes for sale) cannot keep up with the number of buyers out looking for a home, which has caused prices to rise. The great news about rising prices, however, is that according to CoreLogic's latest US Economic Outlook, the average American household gained over $11,000 in equity over the course of the last year, largely due to home value increases. The map below was created from CoreLogic's report and shows the average equity gain per mortgaged home from June 2015 to June 2016(the latest data available).


For those that 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, and even invest in starting small businesses, allowing them to pay of their mortgage sooner or move up to the home that will better suit their needs now.

Bottom Line

CoreLogic predicts that home prices will appreciate by another 5% by this time next year. If you are a homeowner looking to take advantage of your home equity by moving up to your dream home, contact me at 214-316-1181 to discuss your options!  Check your home's value here.


Anitra Williams is a full-time Real Estate Professional with JB Real Estate Group.  She has successfully helped homeowners and renters for 13 years.  If you're looking for "Great Service Forever",  contact her today!

Blog author image

John Brooks

Hello! My team and I are passionate about helping people build stability and wealth through solid investments in real estate, either for their personal residence or for investment purposes. We also LO....

Latest Blog Posts

VIDEO JBs MidYear Real Estate Market Update 2023

Join John Brooks, REALTORĀ® and Broker to learn about residential #realestate market conditions in #Texas (and especially in north Texas), as of midyear 2023. To connect with JB to learn

Read More

Just Listed For Lease In N Fort Worth Keller ISD For Just 2150 Per Month Hurry Up

Just listed #FORLEASE in N. #FortWorth (#KellerISD). Better hurry! So crisp and clean - it's a 1-owner house that's NEVER been leased before. 1,800+ sq ft with 3 beds, 2 baths, and 2 living areas

Read More

Affordable 3 Bed 2 Bath Cutie In Dallas For Just 260K Better Hurry

All photos and details available at:https://johnbrooks.jb-realestategroup.com/property/37-20348269-6523-Ethel-Drive-Dallas-TX-75227You found the one! This adorable 3 bed, 2 bath cutie is situated

Read More

Crisp North Fort Worth Texas TX Beauty Is Ready For You In Keller ISD

Oh, yes! This crisp 1-story open-concept home is complete with gorgeous floors, arched openings, and fresh paint throughout. Check out the king-sized kitchen with storage galore, tons of counter

Read More