Equity Building In Real Estate
February 15th, 2010 categories: Rants & Riffs, The Market
The Los Angeles Times is reporting that equity in real estate rose in 2009.
“According to the Fed’s most recent “flow of funds” survey, homeowners’ net equity grew by nearly $1 trillion from the recession’s nadir in the first quarter of 2009 through the third quarter. From June 30 through Sept. 30, equity rose by $418 billion.” CLICK HERE TO READ THE LA TIMES ARTICLE
The power of real estate lies in the idea that, overtime it appreciates in value (equity appreciation). While the amount of equity increases, properties owners then have access to additional financial firepower (selling, refinancing or arranging lines of credit). I believe building equity is one of the keys to a rebounding economy. As property owners tap their equity, they spend it on real job producing things and activities (home remodels, cars. other capital purchases and opening businesses). So let’s hear cheer for this good news!
If you would like to discuss your real estate needs, feel free to call me at 808-737-2093 or toll free at 877-737-2093. You can email me at keahi@lava.net.
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