Time to complete that home upgrade that you have been putting off.
Home equity gains started slowing increasing nationwide is 2019. Property values started gaining steam in the summer of 2020. The impressive rise continued throughout the year. Since travel was still stalled, many people put money into their homes. At the same time home sales picked up -and property values continued their historic rise.
2021 brought much of the same. The home equity gains in 2021 were among the highest on record. The inventory of homes on the market was still low – which helped fuel further property value gains.
Now is 2022 with home values at all time highs – inventory is still low. More and more, clients who currently own a home but have outgrown their space are tapping into their equity for an addition or upgrade.
A cash-out refinance of home renovation refinance is one of the best most cost effective ways to complete home improvement projects …. big or small!