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Real Estate Outlook May 2017

Posted by Brandon Stewart on Wednesday, May 17th, 2017 at 3:06pm.

May2017

More than 400 people are moving into the D/FW region daily!

That’s a statistic from the U.S. Census Bureau that supports the strength of the North Texas economy. Add the fact that on average, home values have increased over 40% since the Great Recession, and you’ve got one more reason to be confident in our housing market.

In fact, you might be pleasantly surprised at the return you have gained on your own home investment. Healthy home appreciation, buyer demand and rising sales prices have contributed to increased home equity for home owners throughout North Texas.

Simply put, home equity is the amount of money available when you take the price your home would sell for in the current market, and subtract the balance you owe on your mortgage. The amount left is your equity. An important component in determining your equity is getting an accurate analysis of what your home might sell for in today's market.

With extensive experience and expertise in today's market, I would be happy to help you determine that price. We're finding that the pivot year for realizing a healthy equity balance is around six years.  So if you've been on the fence about making a move, perhaps the Summer of 2017 is your season for positive change.

Just call or email me to get started! And please remember me to any of your friends or family members who need experienced guidance in this fast-moving market!

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