According to the Federal Reserve, U.S. home values rose to a record high in the 3rd quarter. Are you making the best use of your home equity? Contact us today!
U.S. home values rise to record $29.2 trillion, Fed says
"The value of all U.S. owner-occupied homes increased to a record $29.2 trillion in the third quarter, according to a Federal Reserve report known as the Flow of Funds.
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Lower mortgage rates support continued gains in home values, which are based on what comparable homes sell for, because cheaper financing means people shopping for homes qualify for higher-balance mortgages and can bid more for properties they want."
