[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"$f3vh5vnqkriyxt":3,"$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},4455,"homeowners-still-have-positive-equity-gains-over-the-past-12-months","Homeowners Still Have Positive Equity Gains over the Past 12 Months","If you’re a homeowner, your net worth got a big boost over the past few years thanks to rapidly rising home prices. Here’s how it happened and what it means for you, even as the market moderates.","","blog","https:\u002F\u002Ffiles.simplifyingthemarket.com\u002Fwp-content\u002Fuploads\u002F2022\u002F12\u002F15174818\u002Fhomeowners-still-have-positive-equity-gains-over-the-past-12-months-KCM-1.jpg","If you’re a homeowner, your net worth got a big boost over the past few years thanks to rapidly rising home prices. Here’s how it happened and what it means for you, even as the market moderates.\u003C!--more-->\r\n\r\n\u003Cstrong>Equity is the current value of your home minus what you owe on the loan.\u003C\u002Fstrong>\r\n\r\nBecause there was a significant imbalance between the number of homes available for sale and the number of buyers looking to make a purchase over the past few years, home prices appreciated substantially.\r\n\r\nAnd while \u003Ca href=\"https:\u002F\u002Ffiles.keepingcurrentmatters.com\u002F2022\u002F12\u002F12\u002Fwhat-every-seller-should-know-about-home-prices\u002F\">home price appreciation\u003C\u002Fa> has moderated this year, and even depreciated slightly in some overheated markets, that doesn’t mean you’ve lost all the equity you gained during the pandemic frenzy.\r\n\r\nTo prove you still have equity you can use, the latest \u003Ca href=\"https:\u002F\u002Fwww.corelogic.com\u002Fintelligence\u002Fhomeowner-equity-insights-q3-2022\u002F\">\u003Cem>Homeowner Equity Insights\u003C\u002Fem>\u003C\u002Fa> from \u003Cem>CoreLogic \u003C\u002Fem>finds the average homeowner equity has actually grown by $34,300 over the past 12 months.\r\n\r\nThat’s right, despite the headlines, the average homeowner still gained positive \u003Ca href=\"https:\u002F\u002Ffiles.keepingcurrentmatters.com\u002F2022\u002F11\u002F14\u002Fhome-equity-a-source-of-strength-for-homeowners-today\u002F\">equity\u003C\u002Fa> over the last year in just about every market. While the gains aren’t as dramatic as they were in the previous quarter due to home price moderation, they’re still significant. And if you’ve been in your home for longer than a year, chances are you have even more equity than you realize.\r\n\r\nWhile that’s the national number, if you want to know what happened over the past year in your area, look at the map below from \u003Cem>CoreLogic\u003C\u002Fem>:\r\n\r\n\u003Ca href=\"https:\u002F\u002Ffiles.keepingcurrentmatters.com\u002Fwp-content\u002Fuploads\u002F2022\u002F12\u002Fhomeowner-equity-gains-MEM.png\">\u003Cimg class=\"aligncenter wp-image-47636\" src=\"https:\u002F\u002Ffiles.keepingcurrentmatters.com\u002Fwp-content\u002Fuploads\u002F2022\u002F12\u002Fhomeowner-equity-gains-MEM.png\" alt=\"Homeowners Still Have Positive Equity Gains over the Past 12 Months | Simplifying The Market\" width=\"650\" height=\"488\" \u002F>\u003C\u002Fa>\r\n\u003Ch4>\u003Cstrong>Why This Is So Important Right Now\u003C\u002Fstrong>\u003C\u002Fh4>\r\nWhile \u003Ca href=\"https:\u002F\u002Ffiles.keepingcurrentmatters.com\u002F2022\u002F11\u002F29\u002F3-ways-you-can-use-your-home-equity\u002F\">equity\u003C\u002Fa> helps increase your overall net worth, it can also help you achieve other goals, like buying your next home. When you \u003Ca href=\"https:\u002F\u002Ffiles.keepingcurrentmatters.com\u002F2022\u002F11\u002F22\u002Fwhat-homeowners-want-to-know-about-selling-in-todays-market\u002F\">sell your current house\u003C\u002Fa>, 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.\r\n\r\nSo, if you’ve been holding off on selling because you weren’t sure what the headlines meant for your bottom line, rest assured you’ve still gained equity in recent years, and it can help fuel your move.\r\n\u003Ch3>\u003Cstrong>Bottom Line\u003C\u002Fstrong>\u003C\u002Fh3>\r\nIf 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.","\r\nIf 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.","https:\u002F\u002Ffiles.keepingcurrentmatters.com\u002Fwp-content\u002Fuploads\u002F2022\u002F12\u002Fhomeowner-equity-gains-MEM.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","2022-12-20T11:00:52Z","2023-02-03T15:33:34Z",{"id":28,"slug":29,"title":30,"featuredImage":31,"publishedAt":32,"contentType":10,"isVideo":15},4457,"mortgage-rates-are-dropping-what-does-that-mean-for-you","Mortgage Rates Are Dropping. What Does That Mean for You?","https:\u002F\u002Ffiles.simplifyingthemarket.com\u002Fwp-content\u002Fuploads\u002F2022\u002F12\u002F16162628\u002Fmortgage-rates-are-dropping-what-does-that-mean-for-you-KCM.jpg","2022-12-19T11:00:59Z",{"id":34,"slug":35,"title":36,"featuredImage":37,"publishedAt":38,"contentType":10,"isVideo":15},4458,"what-to-expect-from-the-housing-market-in-2023","What To Expect From the Housing Market in 2023","https:\u002F\u002Ffiles.simplifyingthemarket.com\u002Fwp-content\u002Fuploads\u002F2022\u002F12\u002F19163011\u002Fwhat-to-expect-from-the-housing-market-in-2023-KCM.jpg","2022-12-21T11:00:54Z",{"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"]