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With interest rates at historical lows, it may be a good time to start paying your own mortgage down instead of someone else’s.
As reported by CoreLogic, (the leading provider of property insights and solutions)
2019 Saw the Fastest Annual Rent Appreciation Since 2016 US Single-Family Rents Up 2.9% Year Over Year in December.
Read the full CoreLogic article here
Learn more about the Home Buying Process, start building equity now.
Low rental home inventory, relative to demand, fuels the growth of single-family rent prices. The SFRI shows single-family rent prices have climbed between 2010 and 2019. However, overall year-over-year rent price increases have slowed since February 2016, when they peaked at 4.2%, and have stabilized at around 3% since early 2019. – CoreLogic
Home sellers nationwide last year saw a $65,500 home price gain on an average sale, the highest level since 2006, according to ATTOM Data Solutions’ 2019 Year-End U.S. Home Sales Report. That represents a 34% return on investment compared to the original purchase price.
The Western states continue to see some of the highest returns. For example, in San Jose, Calif., owners saw an 82.8% average gain, followed by owners in San Francisco at 72.8% and in Seattle at 65.6%, according to the report.
See average gains at resale in the top 20 U.S. metro areas.
#DMVRealEstate #DCMetroArea is listed at the bottom
