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Tag Archives: Equity
Home Equity is a Good Thing to Have!
Equity can be defined as the difference between the value of the assets and the cost of the debt owed. For example if someone owns a house worth $100,000 and owe $80,000 on the home, that home represents $20,000 or …
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Sales are UP! Now is the Time to Sell!
The National Association of REALTORS’ most recent Existing Home Sales Report revealed that home sales were up rather dramatically over last year in five of the six price ranges they measure. Only those homes priced under $100,000 showed a decline …
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P.E.A.R., Not the Fruit but What Does it Stand For?
Americans are watching the real estate world slowly climb back up from our 2008 recession. Mortgage rates are at historical lows and people are realizing that not only can they afford a new house, they can upsize, downsize or even …
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State of the Market – May 2016
A letter from Joseph A. Horning, President of Shorewest, REALTORS® As we enter the second quarter of the year, we reflect on the brisk start to the 2016 market. The housing market has been predictably strong but also more active …
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Do You Plan to Move? Maybe You Should!
Looking at the BMO Harris Bank Home Buying Report, there were a lot of interesting points made about the relationship between buyers and their homeownership journey. Of those who purchased a home, 8% bought “without any plan to buy at all.” A …
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Why Equity Matters
It’s tempting to keep renting your residence because being a homeowner is perceived as being more expensive. But are you really saving by renting? Or are you actually costing yourself more in the long run? Recently, Freddie Mac wrote …
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