Roughly 63 percent of U.S. homeowners have mortgages. Given that large percentage, its important to understand what the equity positions in their homes look like to assess real estate fundamentals. The good news for us is that according to CoreLogic, homeowners with mortgages saw their equity in their homes rise by almost $1 trillion (12.3%) in the last year. That points to a healthier market.
Author: Bridgett Byzewski
Whether you are looking for a family home or an investment property, you don’t want to miss this one. This newly renovated, Morrison-built four bedroom, three bathroom home is centrally located in the distinguished neighborhood of Summerwood. Listed at only $425,000, this property is will likely move quickly.
The latest mortgage statistics show higher levels of delinquencies this year in Sarasota and Manatee counties. Both short-term delinquency rates (30 days late) and more serious delinquencies (90 days plus late) are up when compared to the same period last year. However, foreclosure rates continue to be lower than they were last year.
If you are the proud new owner of 6450 Watercrest Way, #301, you will have just that opportunity. Listed at $498,000, this 3 Beds 3 Bathroom condo features 2,287 square feet of living space plus a two-car private garage.
While I focus most of my time on what’s happening in Manatee and Sarasota counties, it’s also important to follow the broader real estate trends. Overall, the real estate market in the United States is seeing significant price increases. Over the past 12 months, average sale prices for homes have risen by 6.2%.