The real estate market is hot and without a doubt, this year has been fantastic for sellers. A recently published CoreLogic report found homeowners with mortgages in the first quarter of 2022 saw their equity grow by 32.2% year-over-year.
According to the data vendor, the collective equity gain was $3.8 trillion in the first quarter, or an average gain of $63,600 per borrower. CoreLogic said homeowners with mortgages account for roughly 60% of properties in the nation.
Patrick Dodd, CEO of CoreLogic, said home equity grew in tandem with home prices, which were up by 20% in March, compared to a year earlier.
“This has led to the largest one-year gain in average home equity wealth for owners and is expected to spur a record amount of home-improvement spending this year,” Dodd said in a statement.
But $63,000 was just the average gain. Per the quarterly report, published this week, homeowners in California, Hawaii and Washington saw their equity increase by more than $100,000 in the first quarter of 2022 compared to the prior year.
For those wishing to make a move into a more spacious home with all the latest features and a Community of the Year, this is exactly the right time to sell your current house and move up. Read more on Housingwire.com.
Not in a hurry to move? Ask on-site agent about a new opportunity to purchase a furnished model home with lease-back.
Homesite 95 |$825,255 |5279 Flannery Chase| 5 Beds, 4.5 Baths |3,727 Sq Ft |2 Car Garage
Kensington A owner’s suite on main with large walk-in closet. Separate dining room, living room and sunroom. Kitchen flows to the family room. 2nd level: 4 large bedrooms, 1 with private bath, others with a Jack & Jill bath. Large loft for gathering.
Kyle Farm is ideal for a great lifestyle. Kyle Farm is located near Historic Marietta, Downtown Acworth, Downtown Kennesaw, Kennesaw National Park, and great malls for shopping and dining like The Avenue at West Cobb and Town Center at Cobb with gorgeous views of Lost Mountain.
Year-round amenities include the ability to walk or bike to Lost Mountain during all the seasons. Many amenities will complete your lifestyle, such as an elegant Clubhouse, Jr. Olympic swimming pool, a Children’s Splash pad, enjoyable outdoor Hot Spa, Outdoor Firepit, Fitness Gym, Event Lawn, Volleyball, Tennis Courts, Playground Area, Dog Park, and Bocce Ball.
Choosing a home in a great school district will benefit all homebuyers. Kyle Farm’s school district is top-rated in West Cobb. Students will be attending Kemp Elementary, Lovinggood Middle & Hillgrove High! The excellent ratings of these schools tell the story. Check out greatschools.org to see for yourself.
The front entrance is located at the intersection of Lost Mountain Road and Corner Road. Get the point to point directions here. The address for the sales office is 4987 Kyle Drive, Powder Springs, GA 30127
Sales handled by Berkshire Hathaway HomeService – Georgia Properties-New Homes Division. Information believed to be accurate but not warranted and is subject to change.
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