[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"$f3g03igieizlk6":3,"$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},3944,"the-average-homeowner-gained-more-than-55k-in-equity-over-the-past-year","The Average Homeowner Gained More Than $55K in Equity over the Past Year","If you’re a current homeowner, you should know your net worth just got a big boost. It comes in the form of rising home equity. \u003Cstrong>Equity is the current value of your home minus what you owe on the loan.\u003C\u002Fstrong> Today, you’re building that equity far faster than you may expect – and this gain is great news for you.","","blog","https:\u002F\u002Ffiles.simplifyingthemarket.com\u002Fwp-content\u002Fuploads\u002F2022\u002F03\u002F17104811\u002F20220321-KCM-Share-1.jpg","If you’re a current homeowner, you should know your net worth just got a big boost. It comes in the form of rising home equity. \u003Cstrong>Equity is the current value of your home minus what you owe on the loan.\u003C\u002Fstrong> Today, you’re building that equity far faster than you may expect – and this gain is great news for you.\u003C!--more-->\r\n\r\nHere’s how it happened. \u003Ca href=\"https:\u002F\u002Fwww.simplifyingthemarket.com\u002F2022\u002F02\u002F10\u002Fwant-top-dollar-for-your-house-nows-the-time-to-list-it\u002F\">Home values\u003C\u002Fa> are on the rise thanks to \u003Ca href=\"https:\u002F\u002Fwww.simplifyingthemarket.com\u002F2022\u002F02\u002F24\u002Fthe-1-reason-to-sell-your-house-today\u002F\">low housing supply\u003C\u002Fa> and \u003Ca href=\"https:\u002F\u002Fwww.simplifyingthemarket.com\u002F2022\u002F02\u002F23\u002Fhow-supply-and-demand-can-impact-your-buying-and-selling-goals\u002F\">high buyer demand\u003C\u002Fa>. Basically, there aren’t enough homes available to meet this \u003Ca href=\"https:\u002F\u002Fwww.simplifyingthemarket.com\u002F2022\u002F02\u002F18\u002Fwhats-driving-todays-high-buyer-demand-infographic\u002F\">high buyer interest\u003C\u002Fa>,  so bidding wars are driving \u003Ca href=\"https:\u002F\u002Fwww.simplifyingthemarket.com\u002F2022\u002F03\u002F03\u002Fare-home-prices-continuing-to-rise\u002F\">home prices\u003C\u002Fa> up. When you own a home, the rising prices mean your home is worth more in today’s market. And as home values climb, your equity does too. As Dr. Frank Nothaft, Chief Economist at \u003Cem>CoreLogic\u003C\u002Fem>, \u003Ca href=\"https:\u002F\u002Fwww.corelogic.com\u002Fintelligence\u002Fhomeowner-equity-insights\u002F\">explains\u003C\u002Fa>:\r\n\u003Cblockquote>\u003Cem>“Home prices rose 18% during 2021 in the CoreLogic Home Price Index, the largest annual gain recorded in its 45-year history, generating a big increase in home equity wealth.”\u003C\u002Fem>\u003C\u002Fblockquote>\r\nThe 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> shed light on just how much rising home values have boosted homeowner equity. According to that report, \u003Cstrong>the average homeowner’s equity has grown by $55,300 over the last 12 months.\u003C\u002Fstrong>\r\n\r\nWant to know what’s happening in your area? Here’s a breakdown of the average year-over-year equity growth for each state based on that data.\r\n\r\n\u003Ca href=\"https:\u002F\u002Ffiles.simplifyingthemarket.com\u002Fwp-content\u002Fuploads\u002F2022\u002F03\u002F17104812\u002F20220321-MEM-Eng-1.png\">\u003Cimg class=\"aligncenter wp-image-46193\" src=\"https:\u002F\u002Ffiles.simplifyingthemarket.com\u002Fwp-content\u002Fuploads\u002F2022\u002F03\u002F17104812\u002F20220321-MEM-Eng-1.png\" alt=\"The Average Homeowner Gained More Than $55K 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\nIn addition to building your overall net worth, equity can also help you achieve other goals like buying your next home. It works like this: when you sell your house, the equity you built up comes back to you in the sale.\r\n\r\nIn a market where you’re gaining so much equity, it may be just what you need to cover a large portion – if not all – of the \u003Ca href=\"https:\u002F\u002Fwww.simplifyingthemarket.com\u002F2022\u002F01\u002F03\u002Fhow-much-do-you-need-for-your-down-payment\u002F\">down payment\u003C\u002Fa> on your next home. So, if you’ve been holding off on \u003Ca href=\"https:\u002F\u002Fwww.simplifyingthemarket.com\u002F2022\u002F01\u002F27\u002Fwhy-right-now-is-a-once-in-a-lifetime-opportunity-for-sellers\u002F\">selling\u003C\u002Fa> and worried about being priced out of your next home because of today’s home price appreciation, rest assured your equity can help fuel your move.\r\n\u003Ch3>\u003Cstrong>Bottom Line\u003C\u002Fstrong>\u003C\u002Fh3>\r\nEquity can be a real game-changer if you’re planning to make a move. To find out just how much equity you have in your home and how you can use it to fuel your next purchase, let’s connect so you can get a professional equity assessment report on your house.","\r\nEquity can be a real game-changer if you’re planning to make a move. To find out just how much equity you have in your home and how you can use it to fuel your next purchase, let’s connect so you can get a professional equity assessment report on your house.","https:\u002F\u002Ffiles.simplifyingthemarket.com\u002Fwp-content\u002Fuploads\u002F2022\u002F03\u002F17104812\u002F20220321-MEM-Eng-1.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","2022-03-21T10:00:50Z","2022-11-16T17:21:08Z",{"id":28,"slug":29,"title":30,"featuredImage":31,"publishedAt":32,"contentType":10,"isVideo":15},3942,"spring-cleaning-checklist-for-sellers-infographic","Spring Cleaning Checklist for Sellers [INFOGRAPHIC]","https:\u002F\u002Ffiles.simplifyingthemarket.com\u002Fwp-content\u002Fuploads\u002F2022\u002F03\u002F16145923\u002F20220318-KCM-Share.png","2022-03-18T10:00:40Z",{"id":34,"slug":35,"title":36,"featuredImage":37,"publishedAt":38,"contentType":10,"isVideo":15},3950,"the-many-benefits-of-homeownership","The Many Benefits of Homeownership","https:\u002F\u002Ffiles.simplifyingthemarket.com\u002Fwp-content\u002Fuploads\u002F2022\u002F03\u002F21105836\u002F20220322-KCM-Share.jpg","2022-03-22T10:00:17Z",{"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"]