In the beginning of the year, the market shift into an overhaul of multiple offers and fast rising home values. This new change has created a change in home equity which has allowed 791,000 properties to return into a situation in which the borrower no longer owes more than the home is worth.
On December 17th on HousingWire.com article, the overall national value of negative equity continues to fall as home prices rise. The rise is giving more homeowners a chance to benefit from refinancing and stay in their homes with the current low interest rates. Or sell their property without harming their credit score as with a short sale and have a good chance to re-buy in the near future.
Highest Percentage of Mortgage Properties in Negative Equity
1) Nevada (32.2%)
2) Florida (28.8%)
3) Arizona (22.5%)
4) Ohio (18%)
5) Georgia (17.8%)
For more information regarding your home's current value, email us at ybetancourt@kw.com to get a free home value report. Let us help you find out if your home has rise in value to avoid foreclosure/short sales.
Article source: Housingwire.com
On December 17th on HousingWire.com article, the overall national value of negative equity continues to fall as home prices rise. The rise is giving more homeowners a chance to benefit from refinancing and stay in their homes with the current low interest rates. Or sell their property without harming their credit score as with a short sale and have a good chance to re-buy in the near future.
Highest Percentage of Mortgage Properties in Negative Equity
1) Nevada (32.2%)
2) Florida (28.8%)
3) Arizona (22.5%)
4) Ohio (18%)
5) Georgia (17.8%)
For more information regarding your home's current value, email us at ybetancourt@kw.com to get a free home value report. Let us help you find out if your home has rise in value to avoid foreclosure/short sales.
Article source: Housingwire.com
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