Friday, March 21, 2014 / by Lela Ashkarian
Home Price Index Appreciation for 2013 Provided by a Loan Officer Friend www.SearchFloridaKeysHomes.com
The map below illustrates housing price appreciation for 2013. Many states hit the hardest in previous years recovered nicely last year.
The appreciation figures shown are derived from the Federal Housing Finance Administration (FHFA) All Transactions Data and compiled by Estate of Mind, Inc. Appreciation will vary from year to year, can decline and for any individual property, can be more or less than the averages illustrated here. Information is deemed accurate but not warranted.
If you would like to compare 2013 trends to historic averages, the table below provides appreciation rates for each state over the last several decades.
What might 2013's rising appreciation make possible for you?
- Refinancing if a prior low value made that too difficult
- Having enough equity to sell and cover loan balances
- Accessing cash for deferred maintenance or home improvements
- Eliminating mortgage insurance
I hope you found this analysis helpful.
Please know we welcome your questions and are happy to help in any way we can.
LeaderOne Financial Corp.
Sr. Mortgage Banker
LeaderOne Financial Corporation, NMLS #12007 This correspondence does not constitute a loan approval or a commitment to make a loan.