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Equity Gain Growing in Nearly Every State

Friday, March 13, 2020   /   by Ken Couture

Equity Gain Growing in Nearly Every State

Rising home prices have been in the news a lot lately, and much of the focus is on whether they’re accelerating too quickly and how sustainable the growth in prices really is. One of the often-overlooked benefits of rising prices, however, is the impact they have on a homeowner’s equity position.

Home equity is defined as the difference between a home’s fair market value and the outstanding balance of all liens on the property. While homeowners pay down their mortgages, the amount of equity they have in their homes climbs each time the value increases.

Today, the number of homeowners that currently have significant equity in their homes is growing. According to the Census Bureau, 38% of all homes in the country are mortgage-free.  In a home equity study, ATTOM Data Solutions revealed that of the 54.5 million homes with a mortgage, 26.7% of them have at least 50% equity. That number has been increasing over the last eight years.

The map shows a breakdown of the increasing equity gain across the country, painting a clear picture that home equity is growing in nearly every state.


 Equity.jpg


This may be the year to take advantage of your home equity by applying it forward, either as you downsize or as you move up to a new home.

To learn more, visit our page and website, like, subscribe, and share. You can also contact us.

Website: www.CoutureRealtyLV.com

Email: Ken@CoutureRealtyLV.com

Phone: 702 – 476 - 0060

Facebook Page: Ken Couture Realty Your Home Sold Guaranteed

Couture Realty
Ken Couture
8367 W Flamingo Rd Suite 101
Las Vegas, NV 89147
702-476-0060

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