[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"$f1rnrfv0oykhgw":3,"$ffeh0925h8cuz":50,"$f2emv3tus0uf1":54,"$fbwk2pqjjqsc7":58},{"item":4,"previous":38,"next":44},{"id":5,"slug":6,"title":7,"description":8,"excerpt":9,"contentType":10,"featuredImage":11,"bannerImage":9,"body":12,"agentsBottomLine":13,"bodyImage":14,"isInfographic":15,"categories":16,"isVideo":15,"videoThumbnail":9,"videoSource":9,"publishedAt":37,"updatedAt":37},1913,"homeowner-wealth-increases-through-growing-equity-this-year","Homeowner Wealth Increases Through Growing Equity This Year","Building financial wealth and stability remains one of the \u003Ca href=\"https:\u002F\u002Fwww.simplifyingthemarket.com\u002F2021\u002F06\u002F04\u002Ftop-reasons-to-own-your-home-infographic-3\u002F\">top reasons\u003C\u002Fa> Americans choose to own a home, and as a homeowner, your wealth often grows without you even realizing it. In a recent paper published by the \u003Cem>Urban Institute,\u003C\u002Fem> \u003Ca href=\"https:\u002F\u002Fwww.urban.org\u002Fsites\u002Fdefault\u002Ffiles\u002Fpublication\u002F104214\u002Fhomeownership-is-affordable-housing_0.pdf\">\u003Cem>Home Ownership is Affordable Housing\u003C\u002Fem>\u003C\u002Fa>, author Mike Loftin illustrates how homeowners increase their equity and their wealth simply by making monthly mortgage payments:","","blog","https:\u002F\u002Ffiles.simplifyingthemarket.com\u002Fwp-content\u002Fuploads\u002F2021\u002F06\u002F21160521\u002F20210623-KCM-Share.jpg","Building financial wealth and stability remains one of the \u003Ca href=\"https:\u002F\u002Ffiles.keepingcurrentmatters.com\u002F2021\u002F06\u002F04\u002Ftop-reasons-to-own-your-home-infographic-3\u002F\">top reasons\u003C\u002Fa> Americans choose to own a home, and as a homeowner, your wealth often grows without you even realizing it. In a recent paper published by the \u003Cem>Urban Institute,\u003C\u002Fem> \u003Ca href=\"https:\u002F\u002Fwww.urban.org\u002Fsites\u002Fdefault\u002Ffiles\u002Fpublication\u002F104214\u002Fhomeownership-is-affordable-housing_0.pdf\">\u003Cem>Home Ownership is Affordable Housing\u003C\u002Fem>\u003C\u002Fa>, author Mike Loftin illustrates how homeowners increase their equity and their wealth simply by making monthly mortgage payments:\u003C!--more-->\r\n\u003Cblockquote>\u003Cem>“The principal portion that reduces the loan balance builds the homeowner’s equity. In doing so, the principal payments behave like an automatic savings account. The principal payment is not money going out; it is money staying in.”\u003C\u002Fem>\u003C\u002Fblockquote>\r\nBut home equity – the difference between the value of your home and what you currently owe – isn’t just built through your monthly principal payments. Home price appreciation plays a vital role in growing your equity and, ultimately, your wealth.\r\n\r\nAs \u003Cem>Freddie Mac\u003C\u002Fem> \u003Ca href=\"https:\u002F\u002Fmyhome.freddiemac.com\u002Fowning\u002Fequity-and-appreciation.html\">explains\u003C\u002Fa>:\r\n\u003Cblockquote>\u003Cem>“Homeownership has cemented its role as part of the American Dream, providing families with a place that is their own and an avenue for building wealth over time. This ‘wealth’ is built, in large part, through the creation of equity…\u003Cstrong>Building equity through your monthly principal payments and appreciation is a critical part of homeownership that can help you create financial stability\u003C\u002Fstrong>.”\u003C\u002Fem>\u003C\u002Fblockquote>\r\n\u003Ch4>\u003Cstrong>Homeowners Continue To See Equity Increase \u003C\u002Fstrong>\u003C\u002Fh4>\r\n\u003Cem>CoreLogic\u003C\u002Fem> recently published their latest \u003Ca href=\"https:\u002F\u002Fwww.corelogic.com\u002Fintelligence\u002Fhomeowner-equity-insights\u002F\">\u003Cem>Homeowner Equity Insights Report\u003C\u002Fem>\u003C\u002Fa>, and it shows continued growth in equity amidst record home price appreciation. The report provides several key takeaways, all of which point to rising wealth for homeowners:\r\n\u003Col>\r\n \t\u003Cli>The average equity gain of mortgaged homes during the past year was \u003Cstrong>$33,400\u003C\u002Fstrong>\u003C\u002Fli>\r\n \t\u003Cli>The current average equity of mortgaged homes is greater than \u003Cstrong>$216,000\u003C\u002Fstrong>\u003C\u002Fli>\r\n \t\u003Cli>There was a \u003Cstrong>6% increase\u003C\u002Fstrong> in total homeowner equity over the past year\u003C\u002Fli>\r\n \t\u003Cli>Total U.S. homeowner equity has reached nearly \u003Cstrong>$1.9 trillion\u003C\u002Fstrong>\u003C\u002Fli>\r\n\u003C\u002Fol>\r\nHere, you can see the equity gains by state:\u003Ca href=\"https:\u002F\u002Ffiles.keepingcurrentmatters.com\u002Fwp-content\u002Fuploads\u002F2021\u002F06\u002F20210623-MEM-Eng-1.png\">\u003Cimg class=\"aligncenter wp-image-44601\" src=\"https:\u002F\u002Ffiles.keepingcurrentmatters.com\u002Fwp-content\u002Fuploads\u002F2021\u002F06\u002F20210623-MEM-Eng-1.png\" alt=\"Homeowner Wealth Increases Through Growing Equity This Year | Simplifying The Market\" width=\"650\" height=\"488\" \u002F>\u003C\u002Fa>\r\n\u003Ch4>\u003Cstrong>Equity Provides Homeowners with Flexibility\u003C\u002Fstrong>\u003C\u002Fh4>\r\nIn addition to being a critical tool in building wealth, a homeowner’s equity also provides significant flexibility. When you sell your house, the accumulated equity comes back to you in the sale. Recent increases in home equity coupled with record-low mortgage rates mean it could be the perfect time for homeowners looking to make a move.\r\n\r\nMark Fleming, \u003Cem>Chief Economist\u003C\u002Fem> at \u003Cem>First American\u003C\u002Fem>, \u003Ca href=\"https:\u002F\u002Fwww.firstam.com\u002Fnews\u002F2021\u002Frates-unlikely-to-dampen-spring-home-buying-20210319.html\">notes\u003C\u002Fa>:\r\n\u003Cblockquote>\u003Cstrong>\u003Cem>“Existing homeowners today are sitting on record amounts of equity.\u003C\u002Fem>\u003C\u002Fstrong>\u003Cem> As homeowners gain equity in their homes, the temptation grows to list their current home for sale and use the equity to purchase a larger or more attractive home.”\u003C\u002Fem>\u003C\u002Fblockquote>\r\nIncreasing equity also helps families facing challenges brought on by the pandemic. Frank Martell, \u003Cem>President and CEO \u003C\u002Fem>of \u003Cem>CoreLogic\u003C\u002Fem>, explains in the recent \u003Cem>Homeowner Equity Insights Report\u003C\u002Fem>:\r\n\u003Cblockquote>\u003Cstrong>\u003Cem>“Homeowner equity has more than doubled over the past decade and become a crucial buffer for many weathering the challenges of the pandemic\u003C\u002Fem>\u003C\u002Fstrong>\u003Cem>. These gains have become an important financial tool and boosted consumer confidence in the U.S. housing market, especially for older homeowners and baby boomers who've experienced years of price appreciation.”\u003C\u002Fem>\u003C\u002Fblockquote>\r\n\u003Ch3>\u003Cstrong>Bottom Line\u003C\u002Fstrong>\u003C\u002Fh3>\r\nHome equity has always been a powerful wealth-building tool, and homeowners continue to see their financial stability increase. Let’s connect today so you can better understand how much equity you have in your current home or if you’re ready to take the next step in building your savings as a homeowner.","\r\nHome equity has always been a powerful wealth-building tool, and homeowners continue to see their financial stability increase. Let’s connect today so you can better understand how much equity you have in your current home or if you’re ready to take the next step in building your savings as a homeowner.","https:\u002F\u002Ffiles.keepingcurrentmatters.com\u002Fwp-content\u002Fuploads\u002F2021\u002F06\u002F20210623-MEM-Eng-1.png",false,[17,21,25,29,33],{"id":18,"name":19,"slug":20},5,"For Buyers","buyers",{"id":22,"name":23,"slug":24},6,"For Sellers","sellers",{"id":26,"name":27,"slug":28},9,"Home Prices","home-prices",{"id":30,"name":31,"slug":32},11,"First-Time Buyers","first-time-buyers",{"id":34,"name":35,"slug":36},38,"Move-Up","move-up","2021-06-23T10:00:11Z",{"id":39,"slug":40,"title":41,"featuredImage":42,"publishedAt":43,"contentType":10,"isVideo":15},1910,"pre-approval-makes-all-the-difference-when-buying-a-home","Pre-Approval Makes All the Difference When Buying a Home","https:\u002F\u002Ffiles.simplifyingthemarket.com\u002Fwp-content\u002Fuploads\u002F2021\u002F06\u002F11141848\u002F20210622-KCM-Share.jpg","2021-06-22T10:00:58Z",{"id":45,"slug":46,"title":47,"featuredImage":48,"publishedAt":49,"contentType":10,"isVideo":15},1914,"demand-for-vacation-homes-is-still-strong","Demand for Vacation Homes Is Still Strong","https:\u002F\u002Ffiles.simplifyingthemarket.com\u002Fwp-content\u002Fuploads\u002F2021\u002F06\u002F23154629\u002F20210624-KCM-Share.jpg","2021-06-24T10:00:08Z",{"cover":51,"open":52,"shareSpread":53},"https:\u002F\u002Ffiles.keepingcurrentmatters.com\u002FKeepingCurrentMatters\u002Fcontent\u002Fimages\u002F20260603\u002F2026-Summer-Buyers-Guide-Cover-original.png","https:\u002F\u002Ffiles.keepingcurrentmatters.com\u002FKeepingCurrentMatters\u002Fcontent\u002Fimages\u002F20260603\u002F2026-Summer-Buyers-Guide-Spread-original.png","https:\u002F\u002Ffiles.keepingcurrentmatters.com\u002FKeepingCurrentMatters\u002Fcontent\u002Fimages\u002F20260603\u002F2026-Summer-Buyers-Guide-Magazine-original.png",{"cover":55,"open":56,"shareSpread":57},"https:\u002F\u002Ffiles.keepingcurrentmatters.com\u002FKeepingCurrentMatters\u002Fcontent\u002Fimages\u002F20260603\u002F2026-Summer-Sellers-Guide-Cover-original.png","https:\u002F\u002Ffiles.keepingcurrentmatters.com\u002FKeepingCurrentMatters\u002Fcontent\u002Fimages\u002F20260603\u002F2026-Summer-Sellers-Guide-Spread-original.png","https:\u002F\u002Ffiles.keepingcurrentmatters.com\u002FKeepingCurrentMatters\u002Fcontent\u002Fimages\u002F20260603\u002F2026-Summer-Sellers-Guide-Magazine-original.png",[59,63,64,65,69,73,74,75,79,83,84,88,92,96,100,104,108,112,116,120,124,128,132,136,140,144,148,152,156,160],{"id":60,"name":61,"slug":62},1,"Uncategorized","uncategorized",{"id":18,"name":19,"slug":20},{"id":22,"name":23,"slug":24},{"id":66,"name":67,"slug":68},7,"Foreclosures","foreclosures",{"id":70,"name":71,"slug":72},8,"Infographics","infographics",{"id":26,"name":27,"slug":28},{"id":30,"name":31,"slug":32},{"id":76,"name":77,"slug":78},34,"Senior Market","senior-market",{"id":80,"name":81,"slug":82},35,"Mortgage Rates","mortgage-rates",{"id":34,"name":35,"slug":36},{"id":85,"name":86,"slug":87},41,"For Sale by Owner","for-sale-by-owner",{"id":89,"name":90,"slug":91},42,"Featured","featured",{"id":93,"name":94,"slug":95},45,"New Construction","new-construction",{"id":97,"name":98,"slug":99},52,"Luxury \u002F Vacation","luxury--vacation",{"id":101,"name":102,"slug":103},53,"Rent vs. Buy","rent-vs-buy",{"id":105,"name":106,"slug":107},80,"Time-sensitive","time-sensitive",{"id":109,"name":110,"slug":111},81,"Outdated","outdated",{"id":113,"name":114,"slug":115},147,"Internal","internal",{"id":117,"name":118,"slug":119},148,"Do Not Autopost","do-not-autopost",{"id":121,"name":122,"slug":123},320,"Inventory","inventory",{"id":125,"name":126,"slug":127},321,"Agent Value","agent-value",{"id":129,"name":130,"slug":131},322,"Affordability","affordability",{"id":133,"name":134,"slug":135},323,"Buying Tips","buying-tips",{"id":137,"name":138,"slug":139},324,"Downsize","downsize",{"id":141,"name":142,"slug":143},325,"Economy","economy",{"id":145,"name":146,"slug":147},326,"Equity","equity",{"id":149,"name":150,"slug":151},327,"Forecasts","forecasts",{"id":153,"name":154,"slug":155},328,"Selling Tips","selling-tips",{"id":157,"name":158,"slug":159},339,"Expired\u002FWithdrawn\u002FCanceled","expiredwithdrawncanceled",{"id":161,"name":162,"slug":163},340,"Price It Right\u002FOverpricing","price-it-rightoverpricing"]