The last couple years brought dramatic change to the U.S. real estate market. Beginning in 2020, home prices increased dramatically, rising month after month and often by double-digit percentages!
From Q3 of 2012 to Q3 of 2020 (ten years), we saw the median home price go from $248,800 to $335,500. This was an average of 3.9% in annual appreciation. BUT from Q3 of 2020 to Q3 of 2022, home prices went from $335,000 to $454,900. Yes! In the past two years, we have seen an average of 16.5% in annual appreciation. Huge appreciation and potential equity gain!
While there are millions of homeowners who have built significant equity, there are millions more who recently purchased, or recently refinanced their homes, who might not benefit in the coming years.
I have a report that explains how the market has changed and what the Great Resurgence might mean for you. You can download the report from my website echorealestatesolutions.com.
I think you will be surprised by the changes in the market. After you are done, contact me today to discover how much your home is worth.
Branden Lowder, 424-251-4688