Upswing

Home Prices Reach a Ten Year High*

 

     During the dark days in the mid to late 2000's, did you wonder if the market would ever recover? I was profoundly affected personally.  My heart goes out to everyone whose lives were negatively impacted due to the home mortgage debacle. I am glad this chapter in history is behind us and I hope it is never repeated. Those of you engaged in any business related to housing; builders, subcontractors, architects, mortgage lenders, real estate agents, designers, as well as millions of home owners, suffered tremendously.  

     I was profoundly affected and my heart goes out to everyone whose lives were negatively impacted due to the home mortgage debacle. I am glad this chapter in history is behind us and I hope it is never repeated. Those of you engaged in any business related to housing; builders, subcontractors, architects, mortgage lenders, real estate agents, designers, as well as millions of home owners, suffered tremendously.  

     We now enjoy a much brighter time. Home sellers are realizing the biggest profits since 2007. Nationwide the median sales price in 2016 was $218,175, up 45% from the post-recession low of $150,511 in 2011.  If you purchased your home in 2000 to early 2007 before prices jumped into the stratosphere, you are in a now in fine position to sell and make a strong return on your investment.  

If you've thought about moving, either to upsize or downsize, or you have a second home or investment property to sell, don't hesitate to put it on the market.  Take advantage of the best housing market in years.  While we are all hoping that the strong economy will move forward, there are no guarantees.

If you would like statistics for your neighborhood, please call me.

Kindest Regards,

Beth

* ATTOM Data Solutions.

 

 

Clay Lannen on March 17, 2017 at 04:49pm
Holy cow! I had no idea the median had changed that much. Seems the time to sell is now!
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