Grand Rapids, MI, August 29, 2014 --(PR.com
)-- In 2013, the average price of a home increased by 10.9 percent compared to 2012. For more than three million homeowners nationwide, the increase in prices restored equity in their homes.
“As people regain equity in their homes, many who have been waiting to sell are now exploring their options,” says Donna Tashjian of Keller Williams Realty East. “People are often shocked to learn how much their home is worth today. Many who were underwater just six months ago aren’t any longer.”
In 2014, home prices have continued to steadily rise in Grand Rapids, but at a slower rate. With the pace of home price increases slowing, many homeowners are now considering selling their homes.
“The market conditions that drove-up home prices also tilted the market in favor of sellers. However, this year the market is expected to rebalance, and the slowing rate of home price increases is a sign that is happening. More people are looking to sell now to take advantage of the favorable conditions,” Donna said.
As a Certified Distressed Property Expert® (CDPE), Donna Tashjian is specially trained to help distressed homeowners understand their options. “Homeowners who have been struggling in recent years need to know that the housing market rebound is providing many with paths out of a difficult situations,” Donna said.
Donna has provided a free report entitled “Housing Forecast: Sunny with chance of increasing prices” which is accessible from her website, www.donnatashjian.com