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January 22, 2021

Appreciation – Want Some?

Appreciation – Want Some?

by GCS Admin / Wednesday, 18 May 2016 / Published in On the House

Pretty much everybody wants a pat on the back, but absolutely everybody likes money in their pocket. New home price information doesn’t exactly put money in your pocket – more like in your portfolio. CoreLogic says home prices went up 2.1% between February and March and they’re up 6.7% year over year between March 2015 and 2016. Here’s what CoreLogic’s chief economist Frank Nothaft said:

“Housing helped keep U.S. economic growth afloat in the first quarter of 2016 as residential investment recorded its strongest gain since the end of 2012. Low interest rates and increased home building suggest that housing will continue to be a growth driver.”

To real estate and mortgage professionals, these numbers are encouraging for the market and business. Consumers may take them either way…renters in particular may get nervous and think homeownership is out of their reach before they’ve taken even the most preliminary steps to pursue it. Let’s work together to get the word out that while “timing is everything,” it’s also very individualized. Getting help and guidance from professional Realtors and loan officers will help determine the right time to buy a home and getting into one will help people start building equity. Their pocketbooks will appreciate it. Let’s help them get started! ~ Charlie

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Tagged under: home prices, homeownership, housing, housing market, MN first time home buyer, MN homeowners, MN Real Estate, pre-approval, prequalify, real estate, real estate agent, real estate market

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GCS Title HQ

1915 Plaza Drive Suite 205
Eagan, MN 55122
Phone (952) 895-8400
Email: contact@gcstitle.com

Connect with us!!!

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  • ABOUT US
    • MEET THE TEAM
    • CAREERS
    • BLOG
  • RATE CALCULATOR
  • ORDERING
  • DOCUMENTS
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