96% of Homes Are Worth More Than What Their Owners Paid

 

You may have heard home prices dipped in some areas this year, but that doesn’t mean your home lost real value. Here’s the context more headlines skip. While select markets are seeing slight price declines, it’s not happening everywhere. It’s really only happening in markets where prices rose too high, too fast during the pandemic housing boom. The majority of the country is still seeing prices rise year over year. Not fall. That’s part of the reason why 96% of homes are still worth more than what their owners paid for them. The bottom line is: home prices aren’t crashing. And you don’t need to worry about your home’s value. With how much prices rose these past 5 years, your house is probably worth a lot more than you’d expect, even if you do live in one of the markets where prices are re-adjusting. If you want an update on your home’s value, send over a message. I’m happy to show you why there's no reason to worry.