Capitalizing on Equity: Celebrating Today's Homeowners' Gains

Today’s homeowners are sitting on significant equity, even as home price appreciation has eased recently. If you’re a homeowner, your net worth got a boost over the past few years thanks to rising home prices. Here’s what it means for you, even as the market moderates.

How Equity Has Grown in Recent Years 

Because of the imbalance between how many homes were for sale and the number of homebuyers in the market over the past few years, home prices appreciated substantially.

And while price appreciation has slowed this year, that doesn’t mean you’ve lost all the equity in your home. In fact, the latest Homeowner Equity Insights report from CoreLogic finds the average homeowner’s equity has grown by $34,300 over the past year alone.

And if you’ve been in your home longer than that, chances are you have even more equity than you realize.

While that’s the national number, if you want to know what happened in your area, look at the map below from the Federal Housing Finance Agency (FHFA). It shows on average how much home prices have risen over the past five years, which has been a major driver behind equity growth.

Why This Is So Important Right Now 

While equity helps increase your overall net worth, it can also help you achieve other goals, like buying your next home. When you sell your current house, the equity you’ve built up comes back to you in the sale, and it may be just what you need to cover a large portion – if not all – of the down payment on your next home.

So, if you’ve been holding off on selling, it may be time to find out how much equity you have and how it can help fuel your next move.

Bottom Line

Homeownership is a long game, and if you’re planning to make a move, the equity you’ve gained over time can make a big impact. To find out just how much equity you have in your current home and how you can use it to fuel your next purchase, let’s connect.

678 Properties
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$339,900
Neighborhood: Port Charlotte Sec 069
3
Beds
2
Baths
1,804
Sq.Ft.
2024
Year Built
2
Days on Site
A4607709
MLS
$799,900
Neighborhood: Live Oak Landings Ph 02
2
Beds
2
Baths
1,357
Sq.Ft.
2000
Year Built
2
Days on Site
D6136126
MLS
$430,000
Neighborhood: Port Charlotte Sec 069
3
Beds
2
Baths
1,640
Sq.Ft.
2018
Year Built
2
Days on Site
A4607620
MLS
Open 4/21
743 Summersea Ct Englewood,  FL 34223
$240,000
Neighborhood: Tangerine Woods
2
Beds
2
Baths
1,529
Sq.Ft.
1984
Year Built
2
Days on Site
D6136155
MLS
Open 4/19
1061 Owl Dr Englewood,  FL 34223
$894,900
Neighborhood: Dalelake Estates
3
Beds
3
Baths
1,884
Sq.Ft.
1982
Year Built
2
Days on Site
N6132275
MLS
Open 4/20
1230 S Maryknoll Rd Englewood,  FL 34223
$975,000
Neighborhood: Oxford Manor 3Rd Add
4
Beds
2
Baths
2,664
Sq.Ft.
1962
Year Built
2
Days on Site
A4607648
MLS
5
Beds
3
Baths
3,072
Sq.Ft.
1971
Year Built
2
Days on Site
D6136061
MLS
$499,900
Neighborhood: Bartlett Sub
3
Beds
2
Baths
1,281
Sq.Ft.
1981
Year Built
2
Days on Site
D6136163
MLS
$1,290,000
Neighborhood: Port Charlotte Plaza Sec 07
4
Beds
3
Baths
2,038
Sq.Ft.
1973
Year Built
3
Days on Site
A4607554
MLS
Open 4/20
1800 Englewood Rd #159 Englewood,  FL 34223
$159,000
Neighborhood: Oak Grove
2
Beds
1
Baths
826
Sq.Ft.
1969
Year Built
3
Days on Site
A4607005
MLS
$499,000
Neighborhood: Bay Harbor Estate
3
Beds
3
Baths
2,032
Sq.Ft.
1980
Year Built
3
Days on Site
D6136135
MLS
$189,700
Neighborhood: Marina Isles Ph 2
2
Beds
2
Baths
1,080
Sq.Ft.
1982
Year Built
3
Days on Site
A4606587
MLS

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