Oceanside, California The Truth About Homeowner Equity

Oceanside, California

The Truth About Homeowner Equity

The Truth About Homeowner Equity | MyKCM
At a local level in Oceanside, San Diego, California, buyer confidence remains strong with some changes that varies on the price level and what type of houses they are looking for.
Particularly in and around Oceanside, 92057, 92056, 92054, 92049, 92051, 92052, 92058, San Diego, California.  The addition of new store and business entities in the area makes Oceanside, San Diego, California a great place to call home!
As you are aware, for most families, choosing a new home is the biggest financial decision they will ever make and for that reason, there are many complicated decisions involved in choosing your new home.
Today, I would like to talk to you about The Truth About Homeowner Equity.

A recent article from a reputable news source was titled: Here’s why some homeowners still can’t sell. In the opening bullets of the article, the author claimed, “Negative equity is one of the main reasons why there are so few homes for sale.” The article then goes on to soften that stance but we want to bring better clarity to the equity situation.

A recent report from CoreLogic (which was quoted in the article) revealed that over 80% of all homes now have “significant equity,” which means the home has over 20% equity. That level of equity allows the homeowner to sell their home if they so desire. (There was no reference to significant equity in the article.)

If eight out of ten homeowners now have significant equity in their homes, it is hard to make the claim that lack of equity is “one of the main reasons why there are so few homes for sale.”

Here is a map showing the percentage of homes in each state which currently have significant equity:

The Truth About Homeowner Equity | Simplifying The Market

Source KCM Kelly Zijlstra Blog

Bottom Line

If you are one of many homeowners who is debating selling your home and are wondering how much equity you have accumulated, let’s get together to determine if now is the time to list.

Posted on October 16, 2017 at 8:50 pm
Kelly Zijlstra | Category: Home Seller | Tagged

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