[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"$f309bmq3mxs6w6":3,"$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},4644,"equity-gains-for-todays-homeowners","Equity Gains for Today’s Homeowners","Today’s homeowners are sitting on significant equity, even as home price appreciation has eased recently. If you’re a homeowner, your \u003Ca href=\"https:\u002F\u002Fwww.simplifyingthemarket.com\u002F2023\u002F02\u002F27\u002Fone-major-benefit-of-investing-in-a-home\u002F\">net worth\u003C\u002Fa> got a boost over the past few years thanks to rising home prices. Here’s what it means for you, even as the market moderates.","","blog","https:\u002F\u002Fapi.simplifyingthemarket.com\u002Fwp-content\u002Fuploads\u002F2023\u002F03\u002Fequity-gains-for-todays-homeowners-KCM.jpg","\u003Cp>Today’s homeowners are sitting on significant equity, even as home price appreciation has eased recently. If you’re a homeowner, your \u003Ca href=\"https:\u002F\u002Fwww.simplifyingthemarket.com\u002F2023\u002F02\u002F27\u002Fone-major-benefit-of-investing-in-a-home\u002F\">net worth\u003C\u002Fa> got a boost over the past few years thanks to rising home prices. Here’s what it means for you, even as the market moderates.\u003C!--more-->\u003C\u002Fp>\u003Cp>\u003Ch4>\u003Cstrong>How Equity Has Grown in Recent Years\u003C\u002Fstrong>\u003Cstrong> \u003C\u002Fstrong>\u003C\u002Fh4>\u003C\u002Fp>\u003Cp>Because of the imbalance between how many \u003Ca href=\"https:\u002F\u002Fwww.simplifyingthemarket.com\u002F2023\u002F02\u002F17\u002Fthe-spring-housing-market-could-be-a-sweet-spot-for-sellers-infographic\u002F\">homes\u003C\u002Fa> were for sale and the number of homebuyers in the market over the past few years, home prices appreciated substantially.\u003C\u002Fp>\u003Cp>\u003C\u002Fp>\u003Cp>And while price appreciation has \u003Ca href=\"https:\u002F\u002Fwww.simplifyingthemarket.com\u002F2023\u002F02\u002F16\u002Fwondering-whats-going-on-with-home-prices\u002F\">slowed\u003C\u002Fa> this year, that doesn’t mean you’ve lost all the equity in your home. In fact, the latest \u003Cem>Homeowner Equity Insights \u003C\u002Fem>report from \u003Cem>CoreLogic\u003C\u002Fem> \u003Ca href=\"https:\u002F\u002Fwww.corelogic.com\u002Fintelligence\u002Fhomeowner-equity-insights-q3-2022\u002F\">finds\u003C\u002Fa> \u003Cstrong>the average homeowner’s equity has grown by $34,300 over the past year alone\u003C\u002Fstrong>.\u003C\u002Fp>\u003Cp>\u003C\u002Fp>\u003Cp>And if you’ve been in your home longer than that, chances are you have even more equity than you realize.\u003C\u002Fp>\u003Cp>\u003C\u002Fp>\u003Cp>While that’s the national number, if you want to know what happened in your area, look at the map below from the \u003Cem>Federal Housing Finance Agency\u003C\u002Fem> (FHFA). It \u003Ca href=\"https:\u002F\u002Fwww.fhfa.gov\u002FDataTools\u002FTools\u002FPages\u002FHouse-Price-Index-(HPI).aspx\">shows\u003C\u002Fa> on average how much home prices have risen over the past five years, which has been a major driver behind equity growth.\u003C\u002Fp>\u003Cp>\u003C\u002Fp>\u003Cp>\u003Ca href=\"https:\u002F\u002Fapi.simplifyingthemarket.com\u002Fwp-content\u002Fuploads\u002F2023\u002F03\u002Fpercent-change-in-home-prices-MEM.png\">\u003Cimg class=\"aligncenter wp-image-48883\" src=\"https:\u002F\u002Fapi.simplifyingthemarket.com\u002Fwp-content\u002Fuploads\u002F2023\u002F03\u002Fpercent-change-in-home-prices-MEM.png\" alt=\"Equity Gains for Today’s Homeowners | Simplifying The Market\" width=\"650\" height=\"488\" \u002F>\u003C\u002Fa>\u003C\u002Fp>\u003Cp>\u003Ch4>\u003Cstrong>Why This Is So Important Right Now\u003C\u002Fstrong>\u003Cstrong> \u003C\u002Fstrong>\u003C\u002Fh4>\u003C\u002Fp>\u003Cp>While equity 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\u002Fwww.simplifyingthemarket.com\u002F2023\u002F02\u002F21\u002Fthe-two-big-issues-the-housing-markets-facing-right-now\u002F\">sell\u003C\u002Fa> your current house, 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.\u003C\u002Fp>\u003Cp>\u003C\u002Fp>\u003Cp>So, if you’ve been holding off on selling, it may be time to find out how much equity you have and how it can help fuel your next move.\u003C\u002Fp>\u003Cp>\u003C\u002Fp>\u003Ch3>Bottom Line\u003C\u002Fh3>\u003Cp>\r\nHomeownership is a long game, and if 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.\u003C\u002Fp>","\r\nHomeownership is a long game, and if 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\u002Fapi.simplifyingthemarket.com\u002Fwp-content\u002Fuploads\u002F2023\u002F03\u002Fpercent-change-in-home-prices-MEM.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","2023-03-02T11:30:12Z","2023-03-29T18:42:53Z",{"id":32,"slug":33,"title":34,"featuredImage":35,"publishedAt":36,"contentType":10,"isVideo":15},4637,"an-expert-makes-all-the-difference-when-you-sell-your-house","An Expert Makes All the Difference When You Sell Your House","https:\u002F\u002Ffiles.simplifyingthemarket.com\u002Fwp-content\u002Fuploads\u002F2023\u002F02\u002F27123813\u002Fan-expert-makes-all-the-difference-when-you-sell-your-house-KCM.jpg","2023-03-01T11:30:38Z",{"id":38,"slug":39,"title":40,"featuredImage":41,"publishedAt":42,"contentType":10,"isVideo":15},4652,"where-will-you-go-after-you-sell-your-house-infographic","Where Will You Go After You Sell Your House? 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