Home Owners earn Billions back in home equity!
October homes sales and prices increased again. The lower inventory supply have been helping. Investor rehabbed homes which are price to sell are receiving multiple offers. Often over asking price and are selling in a matter of days.
According to Lawrence Yun, NAR chief economist “Rising home prices have already resulted in a 760 billion growth in home equity during the past year”
With Historical low Interest Rates and favorable affordability conditions 2013 is looking to shape up into a great year.
