Are You Equity Rich?
Soaring home prices continue to serve existing homeowners, with nearly 45% of all property owners now considered equity rich, a year-over-year jump that boosted 13% more homeowners into the prime position.
A homeowner is considered equity rich when they have at least 50% equity in their home, a feat more easily accomplished when skyrocketing home price appreciation widens the gap between what someone owes on their mortgage and the value of their house.
About 44.9% of mortgaged residential properties in the first quarter of 2022 had at least 50% equity in their property, according to ATTOM. The portion of mortgaged homes that were equity rich rose from 41.9% in the fourth quarter of 2021 and from 31.9% during the same period in 2021.
“Homeowners continue to benefit from rising home prices,” Rick Sharga, executive vice president of market intelligence for ATTOM, said in a statement. “Record levels of home equity provide financial security for millions of families, and minimize the chance of another housing market crash like the one we saw in 2008. Read more on HousingWire.com.
Now is an advantageous time to put your current house on the market and reap the benefits of equity that has built up over the last few years. Make your move now to Kyle Farm in West Cobb.
Not in a hurry to move? Ask on-site agent about a new opportunity to purchase a furnished model home with lease-back.
Homesite 10 |$815,075 |5023 Rathwood Circle |3 Beds, 3.5 Baths |2,874 Sq Ft |2 Car Garage
COMING SOON – Waveland C stepless ranch on full daylight basement. 3 bedrooms, 3.5 bathrooms. Open floor plan. Kitchen with double oven, cooktop, granite countertops, oversized island open to large family room with corner fireplace, sunroom, owner’s suite with sitting area, separate his and her closets. Spa bathroom with tile seat and soaking tub, 2 additional bedrooms each with private bath.
Are You Ready for Summer?
Kyle Farm is ideal for a great lifestyle. Kyle Farm is located near Historic Marietta, Downtown Acworth, Downtown Kennesaw, Kennesaw National Park, and great malls for shopping and dining like The Avenue at West Cobb and Town Center at Cobb with gorgeous views of Lost Mountain.
Year-round amenities include the ability to walk or bike to Lost Mountain during all the seasons. Many amenities will complete your lifestyle, such as an elegant Clubhouse, Jr. Olympic swimming pool, a Children’s Splash pad, enjoyable outdoor Hot Spa, Outdoor Firepit, Fitness Gym, Event Lawn, Volleyball, Tennis Courts, Playground Area, Dog Park, and Bocce Ball.
Choosing a home in a great school district will benefit all homebuyers. Kyle Farm’s school district is top-rated in West Cobb. Students will be attending Kemp Elementary, Lovinggood Middle & Hillgrove High! The excellent ratings of these schools tell the story. Check out greatschools.org to see for yourself.
The front entrance is located at the intersection of Lost Mountain Road and Corner Road. Get the point to point directions here. The address for the sales office is 4987 Kyle Drive, Powder Springs, GA 30127
Sales handled by Berkshire Hathaway HomeService – Georgia Properties-New Homes Division. Information believed to be accurate but not warranted and is subject to change.
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