{"id":5163,"date":"2020-02-25T10:02:01","date_gmt":"2020-02-25T15:02:01","guid":{"rendered":"https:\/\/christinapinkerman.com\/wp\/entry-level-homeowners-are-in-the-drivers-seat\/"},"modified":"2020-02-25T10:02:01","modified_gmt":"2020-02-25T15:02:01","slug":"entry-level-homeowners-are-in-the-drivers-seat","status":"publish","type":"post","link":"https:\/\/christinapinkerman.com\/wp\/entry-level-homeowners-are-in-the-drivers-seat\/","title":{"rendered":"Entry-Level Homeowners Are in the Driver\u2019s Seat"},"content":{"rendered":"
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\"Entry-Level<\/p>\n

One thing helping homeowners right now is price appreciation, especially in the entry-level market. In the latest Home Price Insights<\/em><\/a> report, CoreLogic <\/em>reveals how home prices increased by 4% year-over-year and projects prices will rise 5.2% by December 2020.<\/span><\/p>\n

Why is this good news for the homeowners? <\/strong><\/h4>\n

When prices appreciate, homeowners gain equity<\/a>. In addition, those planning to sell this year, especially in the entry-level market, can potentially earn a substantial profit.<\/p>\n

Dr. Frank Nothaft, Chief Economist<\/em> at CoreLogic<\/em>, says:<\/p>\n

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“Moderately priced homes are in high demand and short supply, pushing up values…Homes that sold for 25% or more below the local median price experienced a 5.9% price gain in 2019, compared with a 3.7% gain for homes that sold for 25% or more above the median.”<\/em><\/p>\n<\/blockquote>\n

As Dr. Nothaft indicates, the lack of inventory<\/a> continues to drive home price growth. This means there’s a high demand for homes in this tier of the market, making it a great time to consider using your equity to move up to a bigger or more premium home.<\/p>\n

When you upgrade your home, you may be able to find the amenities or features you’ve dreamed of – such as a yard to plant or garden in with your family this spring, or more outdoor space for entertaining this summer. Maybe it’s the master bath you’ve always hoped for, or a garage to finally park your car inside.<\/p>\n

Whatever you choose, if you’re moving out of an entry-level house, you’re likely going to be in the driver’s seat as a seller.<\/p>\n

Bottom Line<\/strong><\/h3>\n

If you’d like to own a bigger home, let’s get together to discuss your situation. You may be surprised by the current value of your home and the equity you’ve gained.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

One thing helping homeowners right now is price appreciation, especially in the entry-level market. In the latest Home Price Insights report, CoreLogic reveals how home prices increased by 4% year-over-year and projects prices will rise 5.2% by December 2020. Why is this good news for the homeowners? When prices appreciate, homeowners gain equity. In addition, […]<\/p>\n","protected":false},"author":1,"featured_media":5164,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_exactmetrics_skip_tracking":false,"footnotes":""},"categories":[5,7],"tags":[],"class_list":["post-5163","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-for-sellers","category-pricing"],"_links":{"self":[{"href":"https:\/\/christinapinkerman.com\/wp\/wp-json\/wp\/v2\/posts\/5163","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/christinapinkerman.com\/wp\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/christinapinkerman.com\/wp\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/christinapinkerman.com\/wp\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/christinapinkerman.com\/wp\/wp-json\/wp\/v2\/comments?post=5163"}],"version-history":[{"count":0,"href":"https:\/\/christinapinkerman.com\/wp\/wp-json\/wp\/v2\/posts\/5163\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/christinapinkerman.com\/wp\/wp-json\/wp\/v2\/media\/5164"}],"wp:attachment":[{"href":"https:\/\/christinapinkerman.com\/wp\/wp-json\/wp\/v2\/media?parent=5163"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/christinapinkerman.com\/wp\/wp-json\/wp\/v2\/categories?post=5163"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/christinapinkerman.com\/wp\/wp-json\/wp\/v2\/tags?post=5163"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}