Tyler Chenault, Realtor

Wondering why home prices are going up? It’s as simple as supply and demand. High buyer demand paired with low housing inventory means natural price appreciation. If you have questions about today’s market trends and what they could mean for you, DM me for answers. _____... Tyler Chenault | Humphries and King Realty Atlanta’s Most Connected Real Estate Agent Office: 404-720-2965 Cell: 678-510-9090 Email: [email protected] Website: www.tylerchenault.humphriesandkingrealty.com

BUILDING WEALTH THROUGH EQUITY Home equity the difference between the value of your home and what you currently owe isn’t just built through your monthly principal payments. Home price appreciation plays a vital role in growing equity and, ultimately, your wealth. CoreLogic recently published their latest Homeowner Equity Insights Report, and it shows continued growth in equity amidst record home price appreciation. ... The report provides several key takeaways, all of which point to rising wealth for homeowners: 1. The average equity gain of mortgaged homes during the past year was $33,400 2. The current average equity of mortgaged homes is greater than $216,000 3. There was a 19.6% increase in total homeowner equity over the past year 4. Total U.S. homeowner equity has reached nearly $1.9 trillion In addition to being a critical tool in building wealth, a homeowner’s equity also provides significant flexibility. When you sell your house, the accumulated equity comes back to you in the sale. Recent increases in equity coupled with record-low mortgage rates means it could be the perfect time for homeowners looking to make a move. Home equity has always been a powerful wealth-building tool, and homeowners continue to see their financial stability increase. DM me today so you can better understand how much equity you have in your current home or if you’re ready to take the next step in building your savings as a homeowner. _____ Tyler Chenault | Humphries and King Realty Atlanta’s Most Connected Real Estate Agent Office: 404-720-2965 Cell: 678-510-9090 Email: [email protected] Website: www.tylerchenault.humphriesandkingrealty.com

Good news for buyers: the number of houses on the market is improving in most states. With more homes coming to the market, this may be just the opportunity you’ve waited for. DM me today so we can make sure you’re positioned for success this summer. _____... Tyler Chenault | Humphries and King Realty Atlanta’s Most Connected Real Estate Agent Office: 404-720-2965 Cell: 678-510-9090 Email: [email protected] Website: www.tylerchenault.humphriesandkingrealty.com #housinginventory #buyingahome #firsttimehomebuyer #opportunity #housingmarket #househunting #makememove #homegoals #houseshopping #housegoals #locationlocationlocation #newlisting #homeforsale #curbappeal #tylersoldit

In celebration of National Homeownership Month, take some time to appreciate the myriad benefits that come with being a homeowner. The value of owning your own home stretches from a place of privacy to a broader community and from a financial investment to a space for personal expression. DM me if homeownership is a goal for you this year.... _____ Tyler Chenault | Humphries and King Realty Atlanta’s Most Connected Real Estate Agent Office: 404-720-2965 Cell: 678-510-9090 Email: [email protected] Website: www.tylerchenault.humphriesandkingrealty.com

Thank you to Fuel_Coffee_Cafe and Alpharetta Department of Public Safety. What a great event!

Why is there a drastic difference between 2008 and now? In a post from RealtyTrac, they explain, We changed the rules. We told banks they needed more reserves and that they could no longer underwrite toxic mortgages. It turns out that regulation properly done can help us navigate financial minefields. What was different this time? The post mentioned above explains, In 2008 the government saw the foreclosure meltdown as a top-down problem and set aside $700 billion ...for banks under the Troubled Asset Relief Program (TARP). Not all of the $700 billion was used, but the important point is that the government did not act with equal fervor to help flailing homeowners, millions of whom lost their homes to foreclosures and short sales. This time around the government forcefully moved to help ordinary citizens. Working from the bottom-up, an estimated $5.3 trillion went to the public in 2020 through such mechanisms as the Paycheck Protection Program (PPP), expanded unemployment benefits, tax incentives, and help for local governments. So far this year we have the $1.9 billion American Rescue Plan with millions of $1,400 checks as well as proposals to spend trillions more on infrastructureBank deposits increased by nearly $2 trillion during the past year and credit card debt fell. Many have suffered over the past year. However, the economic toll of the current recession was nowhere near the scope of the Great Recession, and it won’t result in a housing crisis. _____ Tyler Chenault | Humphries and King Realty Atlanta’s Most Connected Real Estate Agent Office: 404-720-2965 Cell: 678-510-9090 Email: [email protected] Website: www.tylerchenault.humphriesandkingrealty.com

Contrary to popular opinion, buying a home is still affordable thanks to today’s mortgage rates, which are still hovering near historic lows. Great rates are giving buyers clear motivation, even in today’s competitive market. If you’re ready to strike while the iron’s hot, DM me to get started on the homebuying process.... _____ Tyler Chenault | Humphries and King Realty Atlanta’s Most Connected Real Estate Agent Office: 404-720-2965 Cell: 678-510-9090 Email: [email protected] Website: www.tylerchenault.humphriesandkingrealty.com