Good Friday morning!! Yesterday I shared on my social media sites the fact that Homeownership is one of the best ways to invest in your financial future, especially as your home equity grows. Across the county, home equity was increasing before the health crisis swept our nation, and it continues to grow throughout the year, giving sellers powerful options in this market. "U.S. homeowners with mortgages (roughly 63% of all properties) have seen their equity increase by a total of nearly $620 billion since the second quarter of 2019, an increase of 6.6% year over year.
Right here in Missouri Year over Year (YOY), Home Equity Gain has been averaging $10,000 and the national average was $9,800.
Yesterday evening at 5:45 p.m. Porters Ace Hardware in Smithville, Missouri had their grand opening. The Porters family is a wonderful family that has contributed so much over the years in our community. Their family has been great developers both on the residential and commercial front aspect of Real Estate. I personally shopped at Porters Ace Hardware last Sunday when I was looking at purchasing an air hose for my compressor. They had a great selection, great service, and priced right. Plus I was able to help keep dollars in Smithville, Missouri.
