{"id":2851,"date":"2020-02-25T05:00:45","date_gmt":"2020-02-25T11:00:45","guid":{"rendered":"https:\/\/nwiloanguy.com\/blog\/entry-level-homeowners-are-in-the-drivers-seat\/"},"modified":"2020-02-25T05:00:45","modified_gmt":"2020-02-25T11:00:45","slug":"entry-level-homeowners-are-in-the-drivers-seat","status":"publish","type":"post","link":"https:\/\/nwiloanguy.com\/blog\/entry-level-homeowners-are-in-the-drivers-seat\/","title":{"rendered":"Entry-Level Homeowners Are in the Driver\u2019s Seat"},"content":{"rendered":"<p><img data-recalc-dims=\"1\" decoding=\"async\"  src=\"https:\/\/i0.wp.com\/files.simplifyingthemarket.com\/wp-content\/uploads\/2020\/02\/24110802\/20200225-KCM-Share-549x300.jpg?w=358&#038;ssl=1\" class=\"webfeedsFeaturedVisual wp-post-image\" alt=\"Entry-Level Homeowners Are in the Driver\u2019s Seat | Simplifying The Market\" style=\"margin-bottom: 5px;clear:both;max-width: 100%\" \/><\/p>\n<p>One thing helping homeowners right now is price appreciation, especially in the entry-level market. In the latest <a href=\"https:\/\/www.corelogic.com\/news\/corelogic-reports-december-home-prices-increased-by-4-percent-year-over-year.aspx\" target=\"_blank\" rel=\"nofollow noopener noreferrer\"><em>Home Price Insights<\/em><\/a> report, <em>CoreLogic <\/em>reveals how home prices increased by 4% year-over-year and projects prices will rise 5.2% by December 2020.<span id=\"more-41810\"><\/span><\/p>\n<h4><strong>Why is this good news for the homeowners? <\/strong><\/h4>\n<p>When prices appreciate, homeowners gain <a href=\"https:\/\/www.simplifyingthemarket.com\/2019\/08\/14\/the-benefits-of-growing-equity-in-your-home\/?a=375140-ca8522ad04357da9549c08492a932f70\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">equity<\/a>. In addition, those planning to sell this year, especially in the entry-level market, can potentially earn a substantial profit.<\/p>\n<p>Dr. Frank Nothaft, <em>Chief Economist<\/em> at <em>CoreLogic<\/em>, says:<\/p>\n<blockquote>\n<p><em>\u201cModerately priced homes are in high demand and short supply, pushing up values\u2026Homes that sold for 25% or more below the local median price experienced a 5.9% price gain in 2019, compared with a 3.7% gain for homes that sold for 25% or more above the median.\u201d<\/em><\/p>\n<\/blockquote>\n<p>As Dr. Nothaft indicates, the lack of <a href=\"https:\/\/www.simplifyingthemarket.com\/2020\/02\/12\/the-1-reason-to-list-your-house-right-now\/?a=375140-ca8522ad04357da9549c08492a932f70\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">inventory<\/a> continues to drive home price growth. This means there\u2019s a high demand for homes in this tier of the market, making it a great time to consider using your equity to move up to a bigger or more premium home.<\/p>\n<p>When you upgrade your home, you may be able to find the amenities or features you\u2019ve dreamed of \u2013 such as a yard to plant or garden in with your family this spring, or more outdoor space for entertaining this summer. Maybe it\u2019s the master bath you\u2019ve always hoped for, or a garage to finally park your car inside.<\/p>\n<p>Whatever you choose, if you\u2019re moving out of an entry-level house, you\u2019re likely going to be in the driver\u2019s seat as a seller.<\/p>\n<h3><strong>Bottom Line<\/strong><\/h3>\n<p>If you\u2019d like to own a bigger home, let\u2019s get together to discuss your situation. You may be surprised by the current value of your home and the equity you\u2019ve gained.<\/p>\n<p>Source: New feed<\/p>\n","protected":false},"excerpt":{"rendered":"<p>One thing helping homeowners right now is price appreciation, especially in the entry-level market. In the latest Home Price Insights report, CoreLogic reveals how home prices increased by 4% year-over-year and projects prices will rise 5.2% by December 2020. Why is this good news for the homeowners? When prices appreciate, homeowners gain equity. In addition, [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":2852,"comment_status":"false","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"rop_custom_images_group":[],"rop_custom_messages_group":[],"rop_publish_now":"initial","rop_publish_now_accounts":{"facebook_10157519356927224_105287467588662":"","twitter_15771620_15771620":""},"rop_publish_now_history":[],"rop_publish_now_status":"pending","_exactmetrics_skip_tracking":false,"_exactmetrics_sitenote_active":false,"_exactmetrics_sitenote_note":"","_exactmetrics_sitenote_category":0,"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[1],"tags":[54],"class_list":{"0":"post-2851","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-local-info","8":"tag-100-financing","9":"entry"},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Entry-Level Homeowners Are in the Driver\u2019s Seat&#8212;NWI Loan Guy Blog<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/nwiloanguy.com\/blog\/entry-level-homeowners-are-in-the-drivers-seat\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Entry-Level Homeowners Are in the Driver\u2019s Seat&#8212;NWI Loan Guy Blog\" \/>\n<meta property=\"og:description\" content=\"One thing helping homeowners right now is price appreciation, especially in the entry-level market. In the latest Home Price Insights report, CoreLogic reveals how home prices increased by 4% year-over-year and projects prices will rise 5.2% by December 2020. Why is this good news for the homeowners? When prices appreciate, homeowners gain equity. 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