By Andy Harris, President of Vantage Mortgage Brokers
What’s Really Happening with Home Prices?
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If you’re thinking about selling your house, recent headlines about home prices falling month-over-month may have you second guessing your decision—but perspective matters.
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While home prices are down slightly month-over-month in some markets, home values are still up almost 10% nationally on a year-over-year basis. A nearly 10% gain is still dramatic compared to the more normal level of appreciation, which is 3-4%.
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Reach out to a real estate professional to find out how much equity you have in your current home and how you can use it to fuel your next purchase.