[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"$f20j2ggksdu4as":3,"$f2emv3tus0uf1":43,"$fbwk2pqjjqsc7":47},{"item":4,"previous":31,"next":37},{"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":29,"updatedAt":30},4115,"the-average-homeowner-gained-64k-in-equity-over-the-past-year","The Average Homeowner Gained $64K in Equity over the Past Year","If you own a home, your net worth likely just got a big boost thanks to rising home equity. \u003Cstrong>Equity is the current value of your home minus what you owe on the loan.\u003C\u002Fstrong> And today, based on recent home \u003Ca href=\"https:\u002F\u002Fwww.simplifyingthemarket.com\u002F2022\u002F06\u002F16\u002Fhome-price-deceleration-doesnt-mean-home-price-depreciation\u002F\">price appreciation\u003C\u002Fa>, you’re building that equity far faster than you may expect – here’s how it works.","","blog","https:\u002F\u002Ffiles.simplifyingthemarket.com\u002Fwp-content\u002Fuploads\u002F2022\u002F06\u002F16163808\u002F20220621-KCM-Share.jpg","If you own a home, your net worth likely just got a big boost thanks to rising home equity. \u003Cstrong>Equity is the current value of your home minus what you owe on the loan.\u003C\u002Fstrong> And today, based on recent home \u003Ca href=\"https:\u002F\u002Fwww.simplifyingthemarket.com\u002F2022\u002F06\u002F16\u002Fhome-price-deceleration-doesnt-mean-home-price-depreciation\u002F\">price appreciation\u003C\u002Fa>, you’re building that equity far faster than you may expect – here’s how it works.\u003C!--more-->\r\n\r\nBecause there’s an ongoing imbalance between the number of homes available for sale and the number of buyers looking to make a purchase, home prices are on the rise. That means your home is worth more in \u003Ca href=\"https:\u002F\u002Fwww.simplifyingthemarket.com\u002F2022\u002F05\u002F31\u002Fwhat-does-the-rest-of-the-year-hold-for-the-housing-market\u002F\">today’s market\u003C\u002Fa> because it’s in high demand. As Patrick Dodd, President and CEO of \u003Cem>CoreLogic\u003C\u002Fem>, \u003Ca href=\"https:\u002F\u002Fwww.corelogic.com\u002Fintelligence\u002Fhomeowner-equity-insights\u002F\">explains\u003C\u002Fa>:\r\n\u003Cblockquote>\u003Cem>“Price growth is the key ingredient for the creation of home equity wealth. . . . This has led to the largest one-year gain in average home equity wealth for owners. . . .”\u003C\u002Fem>\u003C\u002Fblockquote>\r\nBasically, because your home value has likely climbed so much, your equity has increased too. According 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>, \u003Cstrong>the average homeowner’s equity has grown by $64,000 over the last 12 months.\u003C\u002Fstrong>\r\n\r\nWhile that’s the nationwide number, if you want to know what’s happening in your area, look at the map below. It breaks down the average year-over-year equity growth for each state using the data from \u003Cem>CoreLogic.\u003C\u002Fem>\r\n\r\n\u003Ca href=\"https:\u002F\u002Ffiles.simplifyingthemarket.com\u002Fwp-content\u002Fuploads\u002F2022\u002F06\u002F16163810\u002F20220621-MEM-Eng-1.png\">\u003Cimg class=\"aligncenter wp-image-46685\" src=\"https:\u002F\u002Ffiles.simplifyingthemarket.com\u002Fwp-content\u002Fuploads\u002F2022\u002F06\u002F16163810\u002F20220621-MEM-Eng-1.png\" alt=\"The Average Homeowner Gained $64K in Equity over the Past Year | Simplifying The Market\" width=\"650\" height=\"488\" \u002F>\u003C\u002Fa>\r\n\u003Ch4>\u003Cstrong>The Opportunity Your Rising Home Equity Provides\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. When you sell your current house, the equity you built up comes back to you in the sale. In a market where homeowners are gaining so much equity, it may be just what you need to cover a large portion – if not all – of the down payment on your \u003Ca href=\"https:\u002F\u002Fwww.simplifyingthemarket.com\u002F2022\u002F06\u002F07\u002Fwhy-the-growing-number-of-homes-for-sale-is-good-for-your-move-up\u002F\">next home\u003C\u002Fa>.\r\n\r\nSo, if you’ve been holding off on \u003Ca href=\"https:\u002F\u002Fwww.simplifyingthemarket.com\u002F2022\u002F05\u002F16\u002Fif-youre-a-homeowner-you-have-incredible-leverage-when-you-sell-today\u002F\">selling\u003C\u002Fa> or you’re worried about being priced out of your next home because of today’s ongoing home price appreciation, rest assured your equity can help fuel \u003Ca href=\"https:\u002F\u002Fwww.simplifyingthemarket.com\u002F2022\u002F05\u002F27\u002Fbright-days-are-ahead-when-you-move-up-this-summer-infographic\u002F\">your move\u003C\u002Fa>.\r\n\u003Ch3>\u003Cstrong>Bottom Line\u003C\u002Fstrong>\u003C\u002Fh3>\r\nIf you’re planning to make a move, the equity you’ve gained 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 so you can get a professional equity assessment report on your house.","\r\nIf you’re planning to make a move, the equity you’ve gained 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 so you can get a professional equity assessment report on your house.","https:\u002F\u002Ffiles.simplifyingthemarket.com\u002Fwp-content\u002Fuploads\u002F2022\u002F06\u002F16163810\u002F20220621-MEM-Eng-1.png",false,[17,21,25],{"id":18,"name":19,"slug":20},6,"For Sellers","sellers",{"id":22,"name":23,"slug":24},9,"Home Prices","home-prices",{"id":26,"name":27,"slug":28},38,"Move-Up","move-up","2022-06-21T10:00:57Z","2023-02-03T15:34:10Z",{"id":32,"slug":33,"title":34,"featuredImage":35,"publishedAt":36,"contentType":10,"isVideo":15},4114,"why-achieving-the-dream-of-homeownership-can-be-more-difficult-for-some-americans","Why Achieving the Dream of Homeownership Can Be More Difficult for Some Americans","https:\u002F\u002Ffiles.simplifyingthemarket.com\u002Fwp-content\u002Fuploads\u002F2022\u002F06\u002F16151015\u002F20220620-KCM-Share.jpg","2022-06-20T10:00:39Z",{"id":38,"slug":39,"title":40,"featuredImage":41,"publishedAt":42,"contentType":10,"isVideo":15},4116,"things-to-avoid-after-applying-for-a-home-loan","Things To Avoid After Applying for a Home Loan","https:\u002F\u002Ffiles.simplifyingthemarket.com\u002Fwp-content\u002Fuploads\u002F2022\u002F06\u002F17141251\u002F20220622-KCM-Share.jpg","2022-06-22T10:00:13Z",{"cover":44,"open":45,"shareSpread":46},"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",[48,52,56,57,61,65,66,70,74,78,79,83,87,91,95,99,103,107,111,115,119,123,127,131,135,139,143,147,151,155],{"id":49,"name":50,"slug":51},1,"Uncategorized","uncategorized",{"id":53,"name":54,"slug":55},5,"For Buyers","buyers",{"id":18,"name":19,"slug":20},{"id":58,"name":59,"slug":60},7,"Foreclosures","foreclosures",{"id":62,"name":63,"slug":64},8,"Infographics","infographics",{"id":22,"name":23,"slug":24},{"id":67,"name":68,"slug":69},11,"First-Time Buyers","first-time-buyers",{"id":71,"name":72,"slug":73},34,"Senior Market","senior-market",{"id":75,"name":76,"slug":77},35,"Mortgage Rates","mortgage-rates",{"id":26,"name":27,"slug":28},{"id":80,"name":81,"slug":82},41,"For Sale by Owner","for-sale-by-owner",{"id":84,"name":85,"slug":86},42,"Featured","featured",{"id":88,"name":89,"slug":90},45,"New Construction","new-construction",{"id":92,"name":93,"slug":94},52,"Luxury \u002F Vacation","luxury--vacation",{"id":96,"name":97,"slug":98},53,"Rent vs. Buy","rent-vs-buy",{"id":100,"name":101,"slug":102},80,"Time-sensitive","time-sensitive",{"id":104,"name":105,"slug":106},81,"Outdated","outdated",{"id":108,"name":109,"slug":110},147,"Internal","internal",{"id":112,"name":113,"slug":114},148,"Do Not Autopost","do-not-autopost",{"id":116,"name":117,"slug":118},320,"Inventory","inventory",{"id":120,"name":121,"slug":122},321,"Agent Value","agent-value",{"id":124,"name":125,"slug":126},322,"Affordability","affordability",{"id":128,"name":129,"slug":130},323,"Buying Tips","buying-tips",{"id":132,"name":133,"slug":134},324,"Downsize","downsize",{"id":136,"name":137,"slug":138},325,"Economy","economy",{"id":140,"name":141,"slug":142},326,"Equity","equity",{"id":144,"name":145,"slug":146},327,"Forecasts","forecasts",{"id":148,"name":149,"slug":150},328,"Selling Tips","selling-tips",{"id":152,"name":153,"slug":154},339,"Expired\u002FWithdrawn\u002FCanceled","expiredwithdrawncanceled",{"id":156,"name":157,"slug":158},340,"Price It Right\u002FOverpricing","price-it-rightoverpricing"]