The First Heritage Realty Blog
Homeowners Have a Lot of Equity Right Now [INFOGRAPHIC]
![Homeowners Have a Lot of Equity Right Now [INFOGRAPHIC] Simplifying The Market](https://img.chime.me/image/fs/chimeblog/20230905/16/original_e331f0b2-3b39-44b0-8bd5-63d24d90b8e4.png)
Some Highlights
- Your equity grows as you pay down your home loan and as home prices increase. With home prices rising again, your equity is getting an extra boost.
- Almost half of homeowners are equity rich because they have at least 50% equity in their homes. If you’ve been in your home for a while, you might have gained a considerable amount of equity, too.
- Want to find out how much equity you have? Connect with a trusted real estate agent for a Professional Equity Assessment Report (PEAR).
Categories
Recent Posts
Downsizing Without Debt: How More Homeowners Are Buying Their Next House in Cash
Why Buyers and Sellers Face Very Different Conditions Today
3 Reasons Affordability Is Showing Signs of Improvement This Fall
Do You Know How Much Your House Is Really Worth?
Why Now May Be a Key 2025 Moment To Sell Your House
What a Fed Rate Cut Could Mean for Mortgage Rates
Patience Won’t Sell Your House. Pricing Will.
Mortgage Rates Just Saw Their Biggest Drop in a Year
Why 50% of Homes Are Selling for Under Asking and How To Avoid It
Builder Incentives Reach 5-Year High
