Miami Florida Homeowners Gaining Equity
Home-prices continue increasing nationwide, with many near 2006 peak prices.
Hollywood, FL (I-Newswire) February 21, 2014 - Over the last year, home prices nationwide have steadily increased, with four states reporting home prices that matched their 2006 peak prices and twenty-two other states reporting prices within 10 percent of their peaks.
Home prices in Miami Florida have increased as well, giving equity back to homeowners who during the housing market crash found themselves underwater on their mortgages. However, many homeowners have yet to realize the extent to which prices have improved.
"The rate at which Miami Florida home prices have increased this year is remarkable," says Ellen Mitchel, CDPE, RE/MAX Executive Realty. "And the improving market is giving hope to many homeowners who have been struggling over the last few years."
Many factors are driving home prices up, such as more people wanting to buy homes, inventory constraint, and fewer distressed properties on the market.
"Today, more people than ever are looking to buy a home, but there aren't enough homes on the market," Mitchel said. "This is letting homeowners looking to sell ask higher and higher prices for their homes. Today's market is really a seller's market."
As a Certified Distressed Property Expert® (CDPE), Ellen Mitchel is specially trained to help distressed homeowners understand their options. "Struggling homeowners need to know they're not alone and that the recent upturn in the market is providing many with paths out of a difficult situations," Mitchel said. The rise in home prices signals that relief from an unmanageable mortgage may be around the corner.
Ellen has provided a free report entitled "Underwater Homes Reach the Surface" which is accessible from her website, EllenHelpsHomeowners.com.
About RE/MAX Executive Realty
Collectively we have over 30 years of Real Estate experience from the US to Canada and speak seven l More..anguages including English, Spanish, Polish, German & Russian. We are a woman owned minority business that does extensive community outreach. We are viewed by ourselves and others as a shining example of an unstoppable team that others are drawn to. We seem to grow and excel beyond all expectations and we value each other and support each other both professionally & personally.Less..
RE/MAX Executive Realty
1939 Hollywood Blvd
Phone : 954-862-2531
Published On:February 21, 2014
Print Release:Print Release
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