Florida Ranks No. 3 For Biggest Equity Gains For Homeowners
As a seller, you want to know where your home stands in the market. You may be wondering if now is a good time to sell or if you should wait for the market to rebound. According to a recent study, Florida ranks No. 3 for biggest equity gains for homeowners. Let's take a closer look at the numbers!
According to a recent ATTOM report, the housing market has had a steady rise over the past two years, and nearly half of homeowners with mortgages are now regarded as "equity-rich." If the mortgage on a house is half or less of its estimated market value, it is said to have a lot of equity.
States with biggest equity gains
Between the first and second quarters of 2022, some homeowners saw some particularly large jumps in their ownership share:
- Wyoming
- Maine
- Florida
- Mississippi
- South Carolina
Miami and South Florida are great places to live for many reasons. The weather is amazing, there’s always something to do, and the beaches are top-notch. If you’re looking for a place to call home, or if you’re curious about the market here in South Florida, please reach out to me. I would be happy to chat with you and answer any questions that you have. Thanks for reading!
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