Recent news out of Washington from HUD and the U.S. Department of the Treasury regarding September housing market statistics show the housing market getting stronger month by month. Recent existing home values have gone up by 13.5%, nationally.
HUD Acting Assistant Secretary Erika Poethig said, “As the September housing scorecard indicates, our housing market is showing important signs of recovery – with homeowner equity at a four-year high and summer sales of existing homes at the strongest pace in two years.”
Are you shopping for a new home, or planning to sell your existing Prosser, Yakima, Richland, or Kennewick, Washington home? With the news that recent existing home values have gone up by 13.5%, nationally – now may be the time to sell!
As every American homeowner knows, home equity values have dropped significantly in recent years. HUD.gov is reporting that a new trend is taking place, with a rise in homeowner equity to its highest level since the third quarter of 2008, affecting 1.3 million family homes. Since the end of 2011, home equity has increased by $860 billion. August 2012 showed the highest level of existing home sales in over two years. (Image via Flickr)
If you are planning to sell your existing Prosser, Yakima, Richland, or Kennewick, Washington home, please contact expert Realtor Eunice Hickerson about the listing, selling or purchase of a new home; by telephone at 866-723-6044, today!