Mansfield Texas Equity Expected to Rise
Steve Brown of the Dallas Morning News reported on the anticipated rise in equity for homeowners in the Dallas-Fort Worth region. The report states that, “D-FW homeowners will have an average $87,110 in home equity by 2013. That’s up about $6,000 from a similar estimate made in October”, according to findings made by the Center for Economic and Policy Research and the National Low Income Housing Coalition.
This important bit of information is welcome news for Mansfield Texas homes for sale which will no doubt increase based on the information the report reveals. The report is based on research performed on 100 of the largest metro areas in the country. The equity prediction is based on the number of homes purchased at 75% of the area median home prices.
The report also finds that the difference in cost between renting a home and owning a home in the DFW Metroplex region is negligible. So basically, renters should seriously consider buying a home now when rates and home prices are relatively low. First time homebuyers also have the added incentive of taking advantage of the government’s $8000 First-Time Home Buyer Tax Credit Program.
Mansfield real estate is clearly a winning investment for homebuyers. The area is expected to continue to grow in multiple aspects including job growth, population growth and housing values.
0 comments:
Post a Comment