LBI Real Estate 2020 Year in Review. Data courtesy of the Bright MLS Service. Be sure to bookmark this page to see the latest transactions on LBIClick the below links to view
HOME EQUITY
Dated: January 8 2021
Views: 94
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
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
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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?
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