Blog Layout

Monday Market Update: Home Equity Is Back: Surprised?

Real estate continues to be a solid investment for many. 

The latest home equity data is in, and the facts just might surprise you! For those who have been concerned about values dropping as interest rates have risen, it may be time to reassess your situation. CNBC reported on Friday (8/4/23) that the national home price index hit a new high in June. This data comes from Black Knight, a leading provider of mortgage analytics and data solutions.


While the full report is set to be released this coming week, the 3 biggest take-a-ways from the report are outlined below. 


You may wonder how equity is back when interest rates remain at higher levels than in the past. CNBC explains that “Home prices are rising again, because there is far too little supply to meet the current demand.” Total US home equity now resides at over $16 trillion in “tappable equity, which is the amount most lenders will allow you to take out while still leaving 20% equity in the home.”


To read the article in full, click here.


As our programming has discussed for years, real estate is a true asset class. Always be sure to talk with your trusted financial advisor and estate planner to truly understand and strategize your home as a place of comfort, but as a source of wealth too. There is no place like home – especially when it creates financial security!


Have a great week,


Bobbi


*Resource Used: These Are the Best and Worst Curb Appeal Choices, According to Thumbtack and Nextdoor


Bobbi & Team 

Bobbi Decker
DRE#00607999

Broker Associate, Bobbi Decker & Associates
650.346.5352 cell
650.577.3127 efax
www.bobbidecker.com
NAR Instructor….“Designations Create Distinctions”
CIPS, SRS, ABR, CRS, SRES, GRI, CLHMS, REI, AHWD, RSPS, MSLG

Bobbi Decker & Associates fully supports the principles of the Fair Housing Act and the Equal Opportunity Act. For more information, please visit: http://portal.hud.gov/


Bobbi's Blog

By Kim Yearry March 17, 2025
5 facts about women & homes past, present & future!
By Kim Yearry March 12, 2025
In honor of National Social Work Month!
By Kim Yearry March 10, 2025
Could new legislation lead to an inventory boost?
By Kim Yearry March 5, 2025
Do you know which Silicon Valley cities are ranked highly for retirees - and why?
By Kim Yearry March 3, 2025
View your county’s updated fire severity risk.
By Kim Yearry February 26, 2025
… and how senior volunteers are filling the gaps by providing senior support!
By Kim Yearry February 24, 2025
An inside glimpse into one of our favorite places!
By Kim Yearry February 19, 2025
A feature in alignment with American Heart Month!
By Kim Yearry February 16, 2025
Check out these 3 ways to start spring cleaning!
By Kim Yearry February 12, 2025
…and help keep you healthier too!
More Posts
Share by: