Home Prices Fredericksburg, Stafford VA On The Rise

Home Prices Fredericksburg, Stafford VA On The Rise 
Find Out Your Real Estate Market Reports Fredericksburg, Stafford VA 
Homes in markets across the nation including Fredericksburg, Stafford VA have regained value since the recession, know the value of your homeTwo recent reports confirm the trend: one, from S&P/CoreLogic; the other by ATTOM Data Solutions, owner of RealtyTrac. EMAIL AND RECEIVE FREE 50 PAGE REPORT ON YOUR HOMES VALUE TODAY! 
Housing Inventory Trends In Fredericksburg, Stafford and surrounding areas The number of active listings in FREDERICKSBURG (22407) dropped by 6.9% from the previous month.  The median number of days active properties have been listed is 69. This is significantly shorter than the national average. The number of sales in December dropped by 91.8% from the previous month.
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Homeowner wealth, according to S&P, has more than doubled since 2011, expanding on a national scale to $12.7 trillion from $6.1 trillion, in tandem with the 40 percent boost in the value of single-family housing. For the Average Joe next door, $12.7 trillion breaks down to an average $11,000 - or $30,000 if he lives in California, Oregon or Washington. (West Coast... shocking!) The upward momentum in equity, S&P cites, has positive economic implications, as well: more than $100 billion in consumer spending, which includes investing in home improvements.

Why are more homeowners in Fredericksburg, Stafford joining the "1 percent" of equity rich? They're extending their stay, says Daren Blomquist, senior vice president at ATTOM.  "Close to one in every five U.S. homeowners with a mortgage is now equity rich thanks to a combination of rising home prices and lengthening homeownership tenures," Blomquist says. "Median home prices increased on a year-over-year basis for the 18th consecutive quarter in Q3 2016, and homeowners who sold in the third quarter had owned their home an average of 7.94 years - a new high in our data and substantially higher than the average homeownership tenure of 4.26 years pre-recession. As homeowners stay in their homes longer before moving up, they are amassing more home equity wealth."
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Provided courtesy of Pam Martin Team

Home Prices Fredericksburg, Stafford VA On The Rise 

Pam Martin
Keller Williams Realty

Fredericksburg, Stafford VA & Surrounding Areas
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The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which A Pam Martin Listing, Powered By eXp Realty participates, and is provided by BRIGHT through a licensing agreement. The information provided by this website is for the personal, non-commercial use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Real estate listings held by brokerage firms other than A Pam Martin Listing, Powered By eXp Realty are marked with the IDX icon and detailed information about each listing includes the name of the listing broker.
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Data last updated: May 30, 2024 12:49:am.