Elsa Owsley - Coldwell Banker Schneidmiller - Coeur d'Alene, ID

Elsa Owsley Blog

25 percent of Homes with a Mortgage are Now Equity Rich!

Posted by Elsa Owsley on September 27, 2018 in No Category
Rising home prices have been in the news a lot lately and much of the focus has been on whether home prices are accelerating too quickly, as well as how sustainable the growth in prices really is. One of the often-overlooked benefits of rising prices, however, is the impact that they have on a homeowner’s equity position. Home equity is defined as the difference between the home’s fair market value and the outstanding balance of all liens (loans) on the property. While homeowners pay down their mortgag... read more
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Where Are Mortgage Interest Rates Headed In 2019?

Posted by Elsa Owsley on September 27, 2018 in No Category
The interest rate you pay on your home mortgage has a direct impact on your monthly payment; the higher the rate, the greater the payment will be. That is why it is important to know where rates are headed when deciding to start your home search. Below is a chart created using Freddie Mac’s U.S. Economic & Housing Marketing Outlook. As you can see, interest rates are projected to increase steadily over the course of the next year. How Will This Impact Your Mortgage Payment? Depending on the amount ... read more
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4 Reasons to Sell This Fall

Posted by Elsa Owsley on September 27, 2018 in No Category

Some Highlights:

  • Housing inventory is still under the 6-month supply that is needed for a normal housing market.
  • Buyers are often competing with one another for the listings that are available.
  • Perhaps the time has come for you and your family to move on and start living the life you desire.

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How Much Has Your Home Increased in Value?

Posted by Elsa Owsley on September 27, 2018 in No Category
Home values have risen dramatically over the last twelve months. In CoreLogic’s most recent Home Price Index Report, they revealed that national home prices have increased by 6.2% year-over-year. CoreLogic broke down appreciation even further into four price ranges, giving us a more detailed view than if we had simply looked at the year-over-year increases in national median home price. The chart below shows the four price ranges from the report, as well as each one’s year... read more
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4 Early Fall Home Improvement Musts

Posted by Elsa Owsley on September 27, 2018 in No Category
When it’s summertime, homeowners are usually too distracted by the lure of beaches and festivals to focus on home improvement projects. By the time the fall season arrives, there’s usually a long list of things that you want to do at your home. The pressure to fix up your house can be overwhelming, so start by focusing on these four fall home improvement musts. Give Your Rooms a Fresh Coat of Paint Temperatures can reach 90 or 100 degrees in Philadelphia during the summer, so it’s usually too hot ... read more
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