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Buy Or Sell With James Jestes and eXp Realty

386 315 4744
James@JamesJestes.com

Serving The Greater Daytona Beach Area

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Want to Make a Move? Homeowner Equity is Growing Year-Over-Year

Want to Make a Move? Homeowner Equity is Growing Year-Over-Year | Simplifying The Market

One of the bright spots of the 2020 real estate market is the growth in equity homeowners are experiencing across the country. According to the recently released Homeowner Equity Insights Report from CoreLogic, in nearly every state there was a year-over-year first-quarter equity increase, averaging out to a 6.5% overall gain.

The report notes:

“CoreLogic analysis shows U.S. homeowners with mortgages (roughly 63% of all properties) have seen their equity increase by a total of nearly $590 billion since the first quarter of 2019, an increase of 6.5%, year over year.” (See map below):

Want to Make a Move? Homeowner Equity is Growing Year-Over-Year | Simplifying The MarketThis means that “In the first quarter of 2020, the average homeowner gained approximately $9,600 in equity during the past year.”

That’s a huge win for homeowners, especially for those looking to sell their houses and make a move this summer. Having equity to re-invest in your next home is a major force that can make moving a reality, especially while buyers are expressing such a high demand for homes to purchase.

Frank Martell, President and CEO of CoreLogic addresses the potential long-term outlook and how homeowners will likely fare much more positively through the current recession than many did during the last one:

“Many homeowners will experience a recession during their lifetime, and it is reasonable to compare the current recession to those in the past. But the comparison is not apples to apples — every recession is different. Primary drivers of the Great Recession were an overbuilt housing stock, risky mortgages and the collapse of home prices, creating a massive increase in negative equity that proved difficult to recover from. Today’s housing environment has low vacancy and delinquency rates and a large home equity cushion.”

Bottom Line

Now is a great time to consider leveraging your equity and making a move, especially while buyer interest is high. Let’s connect to explore your equity position and make your next move a reality.

GIVE ME A CALL AND LETS TALK ABOUT YOUR REAL ESTATE NEEDS – JAMES JESTES 386-315-4744

Most Recent MLS Listings Today

580 Rio Vista Avenue Daytona Beach FL 32114
Featured
1 / 69
$799,000
3
BEDS
2
TOTAL BATHS
1,841
SQFT
580 Rio Vista Avenue Daytona Beach, FL 32114
Single Family Residence For Sale
- Active

Embrace the ultimate waterfront lifestyle in this stunning riverfront retreat, offering breathtaking views, deep-water access, and a private dock with a brand-new boat lift. This 3-bed, 2-bath, 1,841 sq. ft. home sits on 100 ft of deep water frontage

Listing courtesy of James Jestes of EXP Realty LLC
8884 Cypress Preserve Place Fort Myers FL 33912
New Listing - 35 minutes on site
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$498,000
3
BEDS
2
TOTAL BATHS
2,006
SQFT
8884 Cypress Preserve Place Fort Myers, FL 33912
Single Family Residence For Sale
- Active

Beautiful 3 bedroom 2 bath plus a large den/office with a murphy bed and a solar heated pool in South Fort Myers. Open floor plan with plenty of room for entertaining. Eat in kitchen area is currently being used an a play room. A/C 2017, exterior pai

Listing courtesy of Joyce Pepin of Pepin Realty Inc
2545 S Atlantic Avenue 1005 Daytona Beach Shores FL 32118
New Listing - 4 hours on site
1 / 54
$499,000
2
BEDS
2
TOTAL BATHS
1,363
SQFT
2545 S Atlantic Avenue 1005 Daytona Beach Shores, FL 32118
Condominium For Sale
- Active

RARE OFFERING AND OPPORTUNITY TO OWN A ONE-OF-A-KIND FULLY FURNISHED OCEANFRONT HOME IN THE SKY! 10 floors above the Daytona Beach Shores Skyline this DIRECT OCEANFRONT CONDOMINIUM HOME WILL TRANSPORT YOU TO PARADISE! REMODELED AND DECORATED BY WALLE

Listing courtesy of Sandra Cook of Realty Pros Assured
24 Gale Lane Ormond Beach FL 32174
New Listing - 4 hours on site
1 / 51
$436,000
3
BEDS
2
TOTAL BATHS
2,118
SQFT
24 Gale Lane Ormond Beach, FL 32174
Single Family Residence For Sale
- Active

Plantation Bay - Corner Lot on the Golf Course! Beautifully positioned on a spacious corner lot overlooking the 13th hole of the Founders Course, this meticulously maintained 3-bedroom, 2-bath home offers 2,118 sq ft of comfortable living in one of

Listing courtesy of Tracey Klein of Florida Homes Realty & Mortgage

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SEARCH ALL HOMES IN THE GREATER DAYTONA BEACH AREA HERE

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Related posts:

  1. Why Homeowners Have Great Selling Power Today
  2. The Benefits of Growing Equity in Your Home
  3. Equity Gain Growing in Nearly Every State
  4. How Your Tax Refund Can Move You Toward Homeownership This Year

Posted in: Blog, For Sellers, Move-Up Buyers

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James Jestes Broker Associate SRN Real Estate Pros

James Jestes


Broker Associate | eXp Realty
386-315-4744
James@JamesJestes.com
I'm Available Daily:
8:00AM to 8:00PM

Call, Text or E-mail!

"As an Associate Broker with eXp Realty, I am dedicated to helping families and individuals accomplish their real estate goals by providing dedicated service when buying or selling a home. I have served my country in the U.S. Army and the U.S. Marines; I bring that same sense of service and selflessness to every one of my customers."

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BUY AND SELL REAL ESTATE WITH JAMES JESTES

James Jestes Broker Associate SRN Real Estate Pros

James Jestes


Broker Associate | eXp Realty
386-315-4744
James@JamesJestes.com
I'm Available Daily:
8:00AM to 8:00PM

Call, Text or E-mail!

"As an Associate Broker with eXp Realty, I am dedicated to helping families and individuals accomplish their real estate goals by providing dedicated service when buying or selling a home. I have served my country in the U.S. Army and the U.S. Marines; I bring that same sense of service and selflessness to every one of my customers."

FEATURED LISTINGS

No Results Found.

SEARCH ALL OF THE GREATER DAYTONA BEACH AREA

Price

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Today’s Real Estate Information

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James Jestes, Your new favorite Realtor.

Hello my name is James Jestes and I am a Broker Associate with eXp Realty.  I am dedicated to helping you find your perfect new home. I’m a no hassle, no pressure agent here to help you accomplish your real estate goals. Please reach out to me and let me know how I can help you purchase or sell your home.

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Contact James Today

James Jestes
eXp Realty
386-315-4744
James@JamesJestes.com

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