[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"$f16rl1hyseco1l":3,"$f2emv3tus0uf1":39,"$fbwk2pqjjqsc7":43},{"item":4,"previous":27,"next":33},{"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":25,"updatedAt":26},3782,"the-average-homeowner-gained-56700-in-equity-over-the-past-year","The Average Homeowner Gained $56,700 in Equity over the Past Year","When you think of homeownership, what’s the first thing that comes to mind? Chances are you might focus on the \u003Ca href=\"https:\u002F\u002Fwww.simplifyingthemarket.com\u002F2021\u002F11\u002F30\u002Fhome-is-where-the-heart-is-more-than-ever-this-year\u002F\">non-financial benefits\u003C\u002Fa>, like the security or stability a home provides. But what about equity? While it can be overlooked, a homeowner’s equity helps build long-term wealth over time. Here’s a look at what equity is and why it matters.","","blog","https:\u002F\u002Ffiles.simplifyingthemarket.com\u002Fwp-content\u002Fuploads\u002F2021\u002F12\u002F20120230\u002F20211221-KCM-Share.jpg","When you think of homeownership, what’s the first thing that comes to mind? Chances are you might focus on the \u003Ca href=\"https:\u002F\u002Fwww.simplifyingthemarket.com\u002F2021\u002F11\u002F30\u002Fhome-is-where-the-heart-is-more-than-ever-this-year\u002F\">non-financial benefits\u003C\u002Fa>, like the security or stability a home provides. But what about equity? While it can be overlooked, a homeowner’s equity helps build long-term wealth over time. Here’s a look at what equity is and why it matters.\u003C!--more-->\r\n\r\n\u003Cstrong>For a homeowner, your equity is the current value of your home minus what you owe on the loan.\u003C\u002Fstrong> So, as \u003Ca href=\"https:\u002F\u002Fwww.simplifyingthemarket.com\u002F2021\u002F11\u002F10\u002Fwhats-happening-with-home-prices\u002F\">home values climb\u003C\u002Fa>, your equity does too. That’s exactly what’s happening today. There \u003Ca href=\"https:\u002F\u002Fwww.simplifyingthemarket.com\u002F2021\u002F08\u002F18\u002Freal-estate-its-still-a-lack-of-supply-not-a-lack-of-demand\u002F\">aren’t enough homes\u003C\u002Fa> on the market to meet buyer demand, so bidding wars and multiple offers are driving \u003Ca href=\"https:\u002F\u002Fwww.simplifyingthemarket.com\u002F2021\u002F08\u002F16\u002Fa-look-at-home-price-appreciation-and-what-it-means-for-sellers\u002F\">prices\u003C\u002Fa> up. That’s because people are willing to pay more to buy a home. Right now, this low supply and high demand are giving current homeowners a significant equity boost.\r\n\r\nDr. Frank Nothaft, Chief Economist at \u003Cem>CoreLogic, \u003C\u002Fem>\u003Ca href=\"https:\u002F\u002Fwww.corelogic.com\u002Fintelligence\u002Fhomeowner-equity-insights\u002F\">explains\u003C\u002Fa> it like this:\r\n\u003Cblockquote>\u003Cem>“\u003Cstrong>Home price growth is the principal driver of home equity creation. \u003C\u002Fstrong>The CoreLogic Home Price Index reported \u003Cstrong>home prices were up 17.7% for the past 12 months ending September, spurring the record gains in home equity wealth.\u003C\u002Fstrong>”\u003C\u002Fem>\u003C\u002Fblockquote>\r\nTo find out just how much rising home values have impacted equity, we turn to the latest \u003Ca href=\"https:\u002F\u002Fwww.corelogic.com\u002Fintelligence\u002Fhomeowner-equity-insights\u002F\">\u003Cem>Homeowner Equity Insights\u003C\u002Fem>\u003C\u002Fa> from \u003Cem>CoreLogic.\u003C\u002Fem> According to that report, \u003Cstrong>the average homeowner’s equity has grown by $56,700 over the last 12 months.\u003C\u002Fstrong>\r\n\r\nCurious how your state stacks up? Check out the map below to find out the average equity gain for your area.\u003Ca href=\"https:\u002F\u002Ffiles.simplifyingthemarket.com\u002Fwp-content\u002Fuploads\u002F2021\u002F12\u002F20170213\u002F20211221-MEM-Eng.png\">\u003Cimg class=\"aligncenter wp-image-45731\" src=\"https:\u002F\u002Ffiles.simplifyingthemarket.com\u002Fwp-content\u002Fuploads\u002F2021\u002F12\u002F20170213\u002F20211221-MEM-Eng.png\" alt=\"The Average Homeowner Gained over $56,700 in Equity over the Past Year | Simplifying The Market\" width=\"650\" height=\"488\" \u002F>\u003C\u002Fa>\r\n\u003Ch4>\u003Cstrong>How Rising Equity Impacts You\r\n\u003C\u002Fstrong>\u003C\u002Fh4>\r\nIf you’re already a homeowner, equity not only builds your wealth, it also \u003Ca href=\"https:\u002F\u002Fwww.simplifyingthemarket.com\u002F2021\u002F11\u002F22\u002F4-ways-homeowners-can-use-their-equity\u002F\">opens doors\u003C\u002Fa> for you to achieve your goals. It works like this: when you sell your house, the equity you built up comes back to you in the sale. You can use those proceeds to fuel your next move, especially if you’ve decided your needs have \u003Ca href=\"https:\u002F\u002Fwww.simplifyingthemarket.com\u002F2021\u002F12\u002F06\u002Fwin-when-you-sell-and-when-you-move\u002F\">changed\u003C\u002Fa> and you’re looking for something new.\r\n\r\nIf you’re thinking about becoming a homeowner, understanding the importance of equity can help you realize why homeownership is a worthwhile goal. It builds your wealth and gives you peace of mind that your investment is a wise one, not just from a lifestyle perspective, but from a \u003Ca href=\"https:\u002F\u002Fwww.simplifyingthemarket.com\u002F2021\u002F10\u002F07\u002F111285-reasons-you-should-buy-a-home-this-year\u002F\">financial\u003C\u002Fa> one too.\r\n\u003Ch3>\u003Cstrong>Bottom Line\u003C\u002Fstrong>\u003C\u002Fh3>\r\nWhether you’re a current homeowner or you’re ready to become one, it’s important to know how equity works and why it matters. If this inspires you to make a move, let’s connect to explore your options and find out what steps you need to take next.","\r\nWhether you’re a current homeowner or you’re ready to become one, it’s important to know how equity works and why it matters. If this inspires you to make a move, let’s connect to explore your options and find out what steps you need to take next.","https:\u002F\u002Ffiles.simplifyingthemarket.com\u002Fwp-content\u002Fuploads\u002F2021\u002F12\u002F20170213\u002F20211221-MEM-Eng.png",false,[17,21],{"id":18,"name":19,"slug":20},6,"For Sellers","sellers",{"id":22,"name":23,"slug":24},9,"Home Prices","home-prices","2021-12-21T11:00:48Z","2022-11-16T17:00:59Z",{"id":28,"slug":29,"title":30,"featuredImage":31,"publishedAt":32,"contentType":10,"isVideo":15},3781,"homebuyers-be-ready-to-act-this-winter","Homebuyers: Be Ready To Act This Winter","https:\u002F\u002Ffiles.simplifyingthemarket.com\u002Fwp-content\u002Fuploads\u002F2021\u002F12\u002F16150814\u002F20211220-KCM-Share.jpg","2021-12-20T11:00:45Z",{"id":34,"slug":35,"title":36,"featuredImage":37,"publishedAt":38,"contentType":10,"isVideo":15},3783,"the-perks-of-putting-20-down-on-a-home","The Perks of Putting 20% Down on a Home","https:\u002F\u002Ffiles.simplifyingthemarket.com\u002Fwp-content\u002Fuploads\u002F2021\u002F12\u002F20130611\u002F20211222-KCM-Share.jpg","2021-12-22T11:00:30Z",{"cover":40,"open":41,"shareSpread":42},"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",[44,48,52,53,57,61,62,66,70,74,78,82,86,90,94,98,102,106,110,114,118,122,126,130,134,138,142,146,150,154],{"id":45,"name":46,"slug":47},1,"Uncategorized","uncategorized",{"id":49,"name":50,"slug":51},5,"For Buyers","buyers",{"id":18,"name":19,"slug":20},{"id":54,"name":55,"slug":56},7,"Foreclosures","foreclosures",{"id":58,"name":59,"slug":60},8,"Infographics","infographics",{"id":22,"name":23,"slug":24},{"id":63,"name":64,"slug":65},11,"First-Time Buyers","first-time-buyers",{"id":67,"name":68,"slug":69},34,"Senior Market","senior-market",{"id":71,"name":72,"slug":73},35,"Mortgage Rates","mortgage-rates",{"id":75,"name":76,"slug":77},38,"Move-Up","move-up",{"id":79,"name":80,"slug":81},41,"For Sale by Owner","for-sale-by-owner",{"id":83,"name":84,"slug":85},42,"Featured","featured",{"id":87,"name":88,"slug":89},45,"New Construction","new-construction",{"id":91,"name":92,"slug":93},52,"Luxury \u002F Vacation","luxury--vacation",{"id":95,"name":96,"slug":97},53,"Rent vs. Buy","rent-vs-buy",{"id":99,"name":100,"slug":101},80,"Time-sensitive","time-sensitive",{"id":103,"name":104,"slug":105},81,"Outdated","outdated",{"id":107,"name":108,"slug":109},147,"Internal","internal",{"id":111,"name":112,"slug":113},148,"Do Not Autopost","do-not-autopost",{"id":115,"name":116,"slug":117},320,"Inventory","inventory",{"id":119,"name":120,"slug":121},321,"Agent Value","agent-value",{"id":123,"name":124,"slug":125},322,"Affordability","affordability",{"id":127,"name":128,"slug":129},323,"Buying Tips","buying-tips",{"id":131,"name":132,"slug":133},324,"Downsize","downsize",{"id":135,"name":136,"slug":137},325,"Economy","economy",{"id":139,"name":140,"slug":141},326,"Equity","equity",{"id":143,"name":144,"slug":145},327,"Forecasts","forecasts",{"id":147,"name":148,"slug":149},328,"Selling Tips","selling-tips",{"id":151,"name":152,"slug":153},339,"Expired\u002FWithdrawn\u002FCanceled","expiredwithdrawncanceled",{"id":155,"name":156,"slug":157},340,"Price It Right\u002FOverpricing","price-it-rightoverpricing"]