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What Growing Home Values Could Mean for You

More good news in the housing market! Below, please find a chart depicting the most recently released housing price gains. I’ve also listed annualized gains and some commentary on what these changes may mean for you.

2nd quarter update

The appreciation figures shown are derived from the Federal Housing Finance Agency (FHFA) All Transactions Data and compiled by Estate of Mind, Inc. Appreciation will vary from year to year, can decline and, for any individual property, can be more or less than the averages illustrated here. Information is deemed accurate but not warranted.

You’ve probably heard me say this before, but the long-term trend of rising home values is continuing. This is good news no matter where you are in terms of home buying and home owning. Why?

  • Rising home values generally are a sign that the economy is on the right track. I hope this means other aspects of your financial life are appreciating as well.
  • According to research done by the Federal Reserve Board, homeownership is one of our country’s greatest contributors to personal wealth. When home values grow, your home can often be a key component to securing your financial future.

For right now, the growing value of your home equity may also allow you to access cash, get rid of mortgage insurance or refinance. If you or someone you care about would like to explore the opportunities, please let me know by contacting my team.

I hope you have found this report helpful and encouraging. Thank you for allowing me to share important news with you.

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