Realty Executives Yuma
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Well, I’m not surprised to see some of the biggest gains right here in Arizona along with Nevada, California & Florida. These (surprise!) are the states that saw the biggest gains during the BOOM and, of course, were the hardest hit during the BUST. Negative equity makes it difficult to refinance into a lower interest rate mortgage and almost impossible to sell. Homeowners with negative equity generally spend less, invest les s, and would not buy another house soon.
So what does this mean for you? Moving these 4 MILLION homeowners to a positive equity position means 4 MILLION people nationwide are more likely to SPEND MORE, INVEST MORE, and there are now 4 MILLION people that are able to BUY YOUR HOUSE! Call me anytime to discuss YOUR equity position at (928)246-9893.