"Homeowners are still finding plenty of equity in their homes, but the gains are slowing. Homeowners with a mortgage saw their equity rise by 9.4 percent over the past year, according to CoreLogic’s latest Home Equity Report. The average homeowner gained $12,400 in home equity between the third quarter of 2017 and the third quarter of 2018. That is lower than the more than $16,000 year-over-year gain in equity reported in the second quarter, CoreLogic notes."
Real estate seems to be the best why to create wealth through others peoples money (mortgages). Inventory is still extremely low and high population areas get better equity positions in most cases. What is the saying Location, Location, Location.
In Ohio where our company do most of my real estate, average gains where $750 a month gain in 2018. Homes are a great way to create income ans equity. A lot of homes buyers forget the equity part when they are buying a home.
That is where our services come in. Our company looks for the best areas for are clients to gain the most equity and getting the best prices. Being a Realtor I am always looking at the home pricing and how it is going up or down.
Our clients get the best homes available on the market at the best prices. We have literally saved our clients $100,000's of dollars in 2018 off the list price of homes.
The other factor is having a Realtor that does business all over the Cleveland Metro area. We purchased homes on the west or east side of Cleveland. For example we just purchased homes in Lakewood, Parma and sold one in Northfield Village. We also just rented a home in Strongsville.
Need a complete picture of what homes are available for your needs? I'm Brett 216-703-5740
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Thank you