As has been the case for a while now, homeowner equity is on the rise. It might surprise you to know that this year has been exceptionally good. If you have been on the sidelines about selling your current home and making the move to an Active Adult community like Soleil at Laurel Canyon, consider this article in KeepingCurrentMatters.com:
Sell Your Current House
In a year that was financially devastating for many Americans, some good news for most homeowners is the dramatic gain in home equity over the last twelve months. Last week, CoreLogic released its 2020 3rd Quarter Homeowner Equity Insights report, which reveals four major findings:
- U.S. homeowners with mortgages have seen their equity increase by a total of $1 trillion since the third quarter of 2019.
- The average homeowner gained approximately $17,000 in equity over the past year.
- This is a 10.8% increase in equity over last year.
- The average household with a mortgage now has $194,000 in home equity.