Home Equity by the Numbers

As home prices have continued to rise across the country, so has home equity.

Home Equity is defined as the Current Home Value (minus) What is Owed (equaling) Equity Value.

So as value increases and payments are made; Home Equity Increases.

Over the last 12 months, the average home in the US gained over $16,000 in equity. A quarter of all Americans have over  50% equity in their homes,

If you’re looking to sell your house and move up to your dream home, right now is a great time to use your equity to do so.

Let’s get together today to go over how much equity you have in your house right now!