For Those Who Held On: Home prices surged 11.3 percent this year compared to 2012, the latest housing data shows.
A rise in home prices has pulled more home owners out from underwater with the return of equity this year, NAR notes.On NAR’s Economists’ Outlook blog, researchers explain that a borrower who bought a median-priced home in 2004 and held it for nine years – the average tenure in a home – would now have $28,114 in equity (includes combined price appreciation and paying down mortgage principle). read more at Affordable Utah Housing...
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