Buyers tip of the week in Gainesville Florida!!

Good News For Homeowners

Summary: Experts say 2014 is going to be an equity building year for homeowners.

Experts predict the housing market will continue to improve in 2014, although housing prices might not rise quite as much as they did in 2013. The National Association of Realtors? estimated home prices would finish 2013 up 11.3 percent from 2012 levels.

NAR predicts the median existing home price will rise 5.3 percent to $207,200 in 2014 and the median price for new homes will rise 5.1 percent to $276,700.

Homeowners Continue Building Equity

Despite the Great Recession, real estate continues to be an effective way to build wealth. If you bought the median-priced home in 2004 with a 30-year mortgage, you’d now have $28,114 in equity on average. If you bought the median-priced home in 2012, you’d have more than $23,000 in equity.

Even those who purchased at the market peak in 2006 and were hit by the biggest price declines are close to having positive home equity.

A homeowner who bought in 2006 would have seen his home decline in value and by 2012, he would have owed about $28,200 more than his home was worth on average. But, by the end of 2013, he would be only $4,700 underwater, NAR says.

Most homeowners who bought their homes after 2007 have positive equity.
Why is this important to you the buyer?? Plan now for higher prices, be more pro active in saving your down payment amount.



As  always enjoy!


Laura A Goldberg  REALTOR ABR,GRI,SFR,BPOR, SRES, E-pro,RSPS,MRP              MRP_CMYK


Classic Properties Realty


Cell/Text  352-327-2997


Fax: 866-591-3002 toll free             abr1






I am passionate about Real Estate !!

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