New Homes in Houston TX by Long Lake

Housing Will Play a Big Role in 2015

The total value of all the homes in the United States is expected to end 2014 at $27.5 trillion, a 6.7 percent increase from last year and the third consecutive overall increase, according to Zillow. Homes lost $6.1 trillion in value between December 2006 and December 2011. The cumulative increase in home values is slightly smaller than 2013’s 8 percent …

New Homes in Houston TX by Long Lake

Increase in Home Prices Has Positive Effect on the Economy

The net equity recorded for residential real estate rose by almost $2.2 trillion last year. Considering the economy of the country, these values are quite impressive, especially when the past figures are analyzed in details. For the average home owners, the numbers are really good, especially when you consider that millions of them were suffering from underwater mortgages and another …