[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"$f1mk5p0qt7t21x":3,"$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},58190,"what-every-homeowner-should-know-about-their-equity","What Every Homeowner Should Know About Their Equity","\u003Cp>Curious about selling your home?\u003C\u002Fp>","","blog","https:\u002F\u002Ffiles.keepingcurrentmatters.com\u002FKeepingCurrentMatters\u002Fcontent\u002Fimages\u002F20240801\u002F20240805-What-Every-Homeowner-Should-Know-About-Their-Equity-original.png","\u003Cp>Curious about \u003Ca href=\"\u002F2024\u002F07\u002F31\u002Fshould-you-rent-out-or-sell-your-house\u002F\" rel=\"noopener noreferrer\" target=\"_blank\">selling your home\u003C\u002Fa>? Understanding how much equity you have is the first step to unlocking what you can afford when you move. And since \u003Ca href=\"\u002F2024\u002F07\u002F29\u002Fare-home-prices-going-to-come-down\u002F\" rel=\"noopener noreferrer\" target=\"_blank\">home prices\u003C\u002Fa> rose so much over the past few years, most people have much \u003Ca href=\"\u002F2024\u002F07\u002F26\u002Funlocking-the-benefits-of-your-homes-equity\u002F\" rel=\"noopener noreferrer\" target=\"_blank\">more equity\u003C\u002Fa> than they may realize.\u003C\u002Fp>\u003Cp>Here’s a deeper look at what you need to know if you’re ready to cash in on your investment and put your equity toward your next home.\u003C\u002Fp>\u003Ch4>\u003Cstrong>Home Equity: What Is It and How Much Do You Have?\u003C\u002Fstrong>\u003C\u002Fh4>\u003Cp>Home equity is the difference between how much your house is worth and how much you still owe on your mortgage. For example, if your house is worth $400,000 and you only owe $200,000 on your mortgage, your equity would be $200,000.\u003C\u002Fp>\u003Cp>Recent data from the \u003Ca href=\"https:\u002F\u002Fdata.census.gov\u002Fcedsci\u002Fall?q=mortgage\" rel=\"noopener noreferrer\" target=\"_blank\">\u003Cem>Census\u003C\u002Fem>\u003C\u002Fa> and \u003Ca href=\"https:\u002F\u002Fwww.attomdata.com\u002Fnews\u002Fmost-recent\u002Fq2-2024-home-equity-and-underwater-report\u002F\" rel=\"noopener noreferrer\" target=\"_blank\">\u003Cem>ATTOM\u003C\u002Fem>\u003C\u002Fa> shows Americans have significant equity right now. In fact, more than two out of three homeowners have either completely paid off their mortgages (\u003Cem>shown in green in the chart below\u003C\u002Fem>) or have at least 50% equity in their homes (\u003Cem>shown in blue in the chart below\u003C\u002Fem>):\u003C\u002Fp>\u003Cp>\u003Ca href=\"https:\u002F\u002Ffiles.keepingcurrentmatters.com\u002FKeepingCurrentMatters\u002Fcontent\u002Fimages\u002F20240801\u002F20240805-Americans-Sitting-on-Tremendous-Equity-original.png\" rel=\"noopener noreferrer\" target=\"_blank\">\u003Cimg src=\"https:\u002F\u002Ffiles.keepingcurrentmatters.com\u002FKeepingCurrentMatters\u002Fcontent\u002Fimages\u002F20240801\u002F20240805-Americans-Sitting-on-Tremendous-Equity-original.png\" alt=\"No Caption Received\">\u003C\u002Fa>Today, more \u003Ca href=\"\u002F2024\u002F07\u002F30\u002Fthe-biggest-mistakes-sellers-are-making-right-now\u002F\" rel=\"noopener noreferrer\" target=\"_blank\">homeowners\u003C\u002Fa> are getting a larger return on their homeownership investments when they sell. And if you have that much equity, it can be a powerful force to fuel your next move.\u003C\u002Fp>\u003Ch4>\u003Cstrong>What You Should Do Next\u003C\u002Fstrong>\u003C\u002Fh4>\u003Cp>If you’re thinking about selling your house, it’s important to know how much \u003Ca href=\"\u002F2024\u002F07\u002F03\u002Fhomeowners-gained-28k-in-equity-over-the-past-year\u002F\" rel=\"noopener noreferrer\" target=\"_blank\">equity\u003C\u002Fa> you have, as well as what that means for your home sale and your potential earnings. The best way to get a clear picture is to work with your agent, while also talking to a tax professional or financial advisor. A team of experts can help you understand your specific situation and guide you forward.\u003C\u002Fp>","\u003Cp>Home prices have gone up, which means your equity probably has too. \u003Ca href=\"\u002F2024\u002F07\u002F15\u002Fwhy-working-with-a-real-estate-professional-is-crucial-right-now\u002F\" rel=\"noopener noreferrer\" target=\"_blank\">Let’s connect\u003C\u002Fa> so you can find out how much you have in your home and move forward confidently when you sell.\u003C\u002Fp>","https:\u002F\u002Ffiles.keepingcurrentmatters.com\u002FKeepingCurrentMatters\u002Fcontent\u002Fimages\u002F20240801\u002F20240805-Americans-Sitting-on-Tremendous-Equity-original.png",false,[17,21,25],{"id":18,"name":19,"slug":20},6,"For Sellers","sellers",{"id":22,"name":23,"slug":24},326,"Equity","equity",{"id":26,"name":27,"slug":28},328,"Selling Tips","selling-tips","2024-08-05T10:30:00Z","2024-08-05T10:30:03Z",{"id":32,"slug":33,"title":34,"featuredImage":35,"publishedAt":36,"contentType":10,"isVideo":15},58058,"3-reasons-why-were-not-headed-for-a-housing-crash","3 Reasons Why We’re Not Headed for a Housing Crash","https:\u002F\u002Ffiles.keepingcurrentmatters.com\u002FKeepingCurrentMatters\u002Fcontent\u002Fimages\u002F20240730\u002F20240802-Heres-Why-Were-Not-Heading-For-A-Housing-Crash-KCM-Share-original.jpg","2024-08-02T10:30:00Z",{"id":38,"slug":39,"title":40,"featuredImage":41,"publishedAt":42,"contentType":10,"isVideo":15},58038,"helpful-negotiation-tactics-for-todays-housing-market","Helpful Negotiation Tactics for Today’s Housing Market","https:\u002F\u002Ffiles.keepingcurrentmatters.com\u002FKeepingCurrentMatters\u002Fcontent\u002Fimages\u002F20240730\u002F20240806-Helpful-Negotiation-Tactics-for-Today-s-Housing-Market-original.png","2024-08-06T10:30:00Z",{"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",[48,52,56,57,61,65,69,73,77,81,85,89,93,97,101,105,109,113,117,121,125,129,133,137,141,145,146,150,151,155],{"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":66,"name":67,"slug":68},9,"Home Prices","home-prices",{"id":70,"name":71,"slug":72},11,"First-Time Buyers","first-time-buyers",{"id":74,"name":75,"slug":76},34,"Senior Market","senior-market",{"id":78,"name":79,"slug":80},35,"Mortgage Rates","mortgage-rates",{"id":82,"name":83,"slug":84},38,"Move-Up","move-up",{"id":86,"name":87,"slug":88},41,"For Sale by Owner","for-sale-by-owner",{"id":90,"name":91,"slug":92},42,"Featured","featured",{"id":94,"name":95,"slug":96},45,"New Construction","new-construction",{"id":98,"name":99,"slug":100},52,"Luxury \u002F Vacation","luxury--vacation",{"id":102,"name":103,"slug":104},53,"Rent vs. Buy","rent-vs-buy",{"id":106,"name":107,"slug":108},80,"Time-sensitive","time-sensitive",{"id":110,"name":111,"slug":112},81,"Outdated","outdated",{"id":114,"name":115,"slug":116},147,"Internal","internal",{"id":118,"name":119,"slug":120},148,"Do Not Autopost","do-not-autopost",{"id":122,"name":123,"slug":124},320,"Inventory","inventory",{"id":126,"name":127,"slug":128},321,"Agent Value","agent-value",{"id":130,"name":131,"slug":132},322,"Affordability","affordability",{"id":134,"name":135,"slug":136},323,"Buying Tips","buying-tips",{"id":138,"name":139,"slug":140},324,"Downsize","downsize",{"id":142,"name":143,"slug":144},325,"Economy","economy",{"id":22,"name":23,"slug":24},{"id":147,"name":148,"slug":149},327,"Forecasts","forecasts",{"id":26,"name":27,"slug":28},{"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"]