With a continued increase in equity for homeowners around the country, a long dormant trend is taking place again: mobility. Once trapped by an underwater home, people are now able to free themselves to seek opportunity for both work and pleasure, as they have the ability to sell normally again. Aside from the seasonality of mobility , the increase in home equity for those that have staid the course now frees these individuals to relocate for employment or retirement without short-selling or digging into savings.
The trend is gaining momentum. It’s up to the real estate and mortgage community to educate our clients and prospective clients if the time is right for them!
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