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Do You Know How Much Your Home Has Increased in Value?
Last year we saw headlines about a possible housing market bubble, and many wondered if Americans still felt confident about the value of their homes. Recently, the 2018 Houzz & Home Study revealed:
"Homeowners with mortgages have seen their home equity more than double since 2011, increasing to a record-setting $8.3 trillion in 2017."
The average homeowner gained $16,200 in home equity between Q2 2017 and Q2 2018 according to the latest release of
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4 Proven Ways Harrisonburg Real Estate Can Help You Build Wealth
4 Proven Ways Real Estate Can Build Sizable Family Wealth
Recently, David Greene, co-host of the BiggerPockets podcast and a nationally renowned author and speaker, wrote an article in Forbes explaining how investing in real estate could help build wealth. Many of the points he made also apply to a family owning their own home. Here are a few:
1. Appreciation
"The rising of home prices over time, is how the majority of wealth is built in real estate. This is the 'home run' you hear of when...
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Where Are Harrisonburg Mortgage Interest Rates Headed in 2018?
Where Are Mortgage Interest Rates Headed in 2018?
The interest rate you pay on your home mortgage has a direct impact on your monthly payment. The higher the rate the greater the payment will be. That is why it is important to know where rates are headed when deciding to start your home search.
Below is a chart created using Freddie Mac's U.S. Economic & Housing Marketing Outlook. As you can see, interest rates are projected to increase steadily over the course of the next 12 months.
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Winter, Holidays, and Selling a Home
7 Reasons to List Your Harrisonburg Home This Holiday Season
Every year at this time, many Harrisonburg homeowners decide to wait until after the holidays to put their home on the market for the first time, while others who already have their homes on the market decide to take them off until after the holidays.
Here are seven great reasons not to wait:
- Relocation buyers are out there. Many local Harrisonburg companies are still hiring throughout the holidays and need their employees in their new positions as soon as possible.
- Purchasers who are looking for homes in Harrisonburg during the holidays are serious buyers and are ready to buy now.
- You can restrict the showings on you...
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