Home Values Increasing!
Music to every homeowner’s ears!!
And according to the link below, it will have taken over 10 years for home values to gain back what was lost during the housing bust. Experts expect home values to actually surpass the pre-bubble peak of $194,600 from October of 2007 to over $200,000 by April, 2018. This is great news for the housing market, and long overdue!
These same analysts also anticipate that mortgage credit access will ease up in the coming years, which should only help the cause. We all hope that credit access remains sensible, but also attainable for worthy borrowers.
This industry has always been, and will probably continue to be, very cyclical. The cycle appears to be turning the corner to improving real estate conditions, which could be the beginning of the next housing boom. With the Millennial generation waiting in the wings, all signs point to some prosperous years ahead for the real estate market, and hopefully a long run of excellent economic times!
Check out the full report from Zillow: Home values increasing
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