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Homeowners: Do You Know Your Home’s Value?


The latest edition of CoreLogic’s Home Price Index shows that nationally, home prices have appreciated 6.7% over the last year and 0.9% month-over-month.

Nearly 79% of homeowners with a mortgage in the US now have significant equity in their homes (defined as over 20%), according to the latest Equity Report. The challenge is that not every homeowner knows how much their home’s value has appreciated.

Dallas-area home prices jumped 8.1 percent in the latest nationwide comparison.

Year-over-year price gains for North Texas in December were among the highest in the country in the Standard & Poor's/Case-Shiller Home Price Index released in February of this year. Nationwide, prices were up 5.8 percent in December from a year earlier.

Nationally, CoreLogic forecasts that home values will increase another 5.0% by this time next year. It is important to know the home values in your area. Remember, this is probably one of your biggest investment.

“With home values constantly changing, and the rates of change varying across the country, this is one more way to show how important it is for homeowners to stay aware of their local housing market.” Bill Banfield, VP of Capital Markets at Quicken Loans

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Do you know what your house is worth? Have you stayed put because you are nervous you won’t have enough equity to buy your dream home? Give me a call (214)529-6188, I can perform an equity analysis and give you the freedom to achieve your dreams.

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