A Surprise-Your Home Equity May Be Back!
Posted by Bruce Wagg on
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During the past few years, after the severe economic downturn, many Oakland and Piedmont homeowners saw their home equities take a serious downturn, as the value of their homes in the open market dropped--some below what they originally paid for the house. The good news is that in many Bay area neighborhoods, that fact is undergoing a dramatic change, and things are heading back up!
We indicated, as an example, in our November 8th blog, that Piedmont is undergoing a radical change in the area of home sales. According to Forbes magazine, Piedmont, was rated #165 in the nation's most expensive homes in the nation (Sausalito is #160, and San Francisco is #161). However, because of very limited housing stock and dramactic competition among…
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