[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"$f337ug8tyhxn3s":3,"$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},60703,"the-surprising-amount-of-home-equity-youve-gained-over-the-years","The Surprising Amount of Home Equity You’ve Gained over the Years","\u003Cp>There are a number of reasons you may be thinking about selling your house.\u003C\u002Fp>","","blog","https:\u002F\u002Ffiles.keepingcurrentmatters.com\u002FKeepingCurrentMatters\u002Fcontent\u002Fimages\u002F20240904\u002F20240909-The-Surprising-Amount-of-Home-Equity-You-ve-Gained-over-the-Years-original.png","\u003Cp>There are a number of \u003Ca href=\"\u002F2024\u002F09\u002F03\u002Fshould-you-sell-now-the-lifestyle-factors-that-could-tip-the-scale\u002F\" rel=\"noopener noreferrer\" target=\"_blank\">reasons\u003C\u002Fa> you may be thinking about \u003Ca href=\"\u002F2024\u002F08\u002F21\u002Fthe-number-one-mistake-sellers-are-making-overpricing-their-house\u002F\" rel=\"noopener noreferrer\" target=\"_blank\">selling\u003C\u002Fa> your house. And as you weigh your options, you may find you’re unsure how you’re going to deal with one thing about today’s \u003Ca href=\"\u002F2024\u002F08\u002F22\u002Ftodays-biggest-housing-market-myths\u002F\" rel=\"noopener noreferrer\" target=\"_blank\">housing market\u003C\u002Fa> – and that’s \u003Ca href=\"\u002F2024\u002F08\u002F13\u002Fis-affordability-starting-to-improve\u002F\" rel=\"noopener noreferrer\" target=\"_blank\">affordability\u003C\u002Fa>. If that’s your biggest concern, understanding how much equity you have in your house could help make your \u003Ca href=\"\u002F2024\u002F08\u002F08\u002Fwhere-will-you-go-after-you-sell\u002F\" rel=\"noopener noreferrer\" target=\"_blank\">decision\u003C\u002Fa> that much easier. Here are two key factors that have a big impact on your equity.\u003C\u002Fp>\u003Ch4>\u003Cstrong>How Long You’ve Been in Your Home\u003C\u002Fstrong>\u003C\u002Fh4>\u003Cp>First up is homeowner tenure. That’s how long homeowners live in a house, on average, before \u003Ca href=\"\u002F2024\u002F07\u002F30\u002Fthe-biggest-mistakes-sellers-are-making-right-now\u002F\" rel=\"noopener noreferrer\" target=\"_blank\">selling\u003C\u002Fa> or choosing to move. From 1985 to 2009, the average length of time homeowners stayed put was roughly six years. \u003C\u002Fp>\u003Cp>But \u003Ca href=\"https:\u002F\u002Fwww.nar.realtor\u002Fresearch-and-statistics\u002Fresearch-reports\u002Fhighlights-from-the-profile-of-home-buyers-and-sellers\" rel=\"noopener noreferrer\" target=\"_blank\">according\u003C\u002Fa> to the \u003Cem>National Association of Realtors\u003C\u002Fem> (NAR), that number has been climbing. Now, the average tenure is 10 years (\u003Cem>see graph below\u003C\u002Fem>):\u003C\u002Fp>\u003Cp>\u003Ca href=\"https:\u002F\u002Ffiles.keepingcurrentmatters.com\u002FKeepingCurrentMatters\u002Fcontent\u002Fimages\u002F20240904\u002F20240909-Today-s-Homeowners-Are-Staying-in-Their-Houses-for-an-Average-of-10-Years-original.png\" rel=\"noopener noreferrer\" target=\"_blank\">\u003Cimg src=\"https:\u002F\u002Ffiles.keepingcurrentmatters.com\u002FKeepingCurrentMatters\u002Fcontent\u002Fimages\u002F20240904\u002F20240909-Today-s-Homeowners-Are-Staying-in-Their-Houses-for-an-Average-of-10-Years-original.png\" alt=\"No Caption Received\">\u003C\u002Fa>Here’s why that’s such a big deal. You gain \u003Ca href=\"\u002F2024\u002F07\u002F26\u002Funlocking-the-benefits-of-your-homes-equity\u002F\" rel=\"noopener noreferrer\" target=\"_blank\">equity\u003C\u002Fa> as you pay down your home loan and as home prices climb. And when you combine all of your mortgage payments with how much \u003Ca href=\"\u002F2024\u002F07\u002F29\u002Fare-home-prices-going-to-come-down\u002F\" rel=\"noopener noreferrer\" target=\"_blank\">prices\u003C\u002Fa> have gone up over the span of 10 years, that adds up. So, if you’ve lived in your house for a while now, you may be sitting on a pile of equity.\u003C\u002Fp>\u003Ch4>\u003Cstrong>How Home Prices Appreciate over Time\u003C\u002Fstrong>\u003C\u002Fh4>\u003Cp>To help show how much the price appreciation piece adds up, take a look at this \u003Ca href=\"https:\u002F\u002Fwww.fhfa.gov\u002Fdata\u002Fhpi\u002Fdatasets?tab=regional-hpi\" rel=\"noopener noreferrer\" target=\"_blank\">data\u003C\u002Fa> from the \u003Cem>Federal Housing Finance Agency\u003C\u002Fem> (FHFA) (\u003Cem>see graph below\u003C\u002Fem>): \u003C\u002Fp>\u003Cp>\u003Ca href=\"https:\u002F\u002Ffiles.keepingcurrentmatters.com\u002FKeepingCurrentMatters\u002Fcontent\u002Fimages\u002F20240904\u002F20240909-How-Home-Prices-Have-Grown-over-Time-original.png\" rel=\"noopener noreferrer\" target=\"_blank\">\u003Cimg src=\"https:\u002F\u002Ffiles.keepingcurrentmatters.com\u002FKeepingCurrentMatters\u002Fcontent\u002Fimages\u002F20240904\u002F20240909-How-Home-Prices-Have-Grown-over-Time-original.png\" alt=\"No Caption Received\">\u003C\u002Fa>Here’s what this means for you. While \u003Ca href=\"\u002F2024\u002F08\u002F28\u002F2025-housing-market-forecasts-what-to-expect\u002F\" rel=\"noopener noreferrer\" target=\"_blank\">home prices\u003C\u002Fa> vary by area, the typical homeowner who’s been in their house for five years saw it increase in value by nearly 60%. And the average homeowner who’s owned their home for 30 years saw it more than triple in value in that time.\u003C\u002Fp>\u003Cp>Whether you’re looking to \u003Ca href=\"\u002F2024\u002F09\u002F02\u002Fcould-a-55-community-be-right-for-you\u002F\" rel=\"noopener noreferrer\" target=\"_blank\">downsize\u003C\u002Fa>, relocate to a dream destination, or move so you can live closer to friends or loved ones, your \u003Ca href=\"\u002F2024\u002F07\u002F03\u002Fhomeowners-gained-28k-in-equity-over-the-past-year\u002F\" rel=\"noopener noreferrer\" target=\"_blank\">equity\u003C\u002Fa> can be a game changer.\u003C\u002Fp>","\u003Cp>If you want to find out how much equity you’ve built up over the years and how you can use it to buy your next home, let’s connect.\u003C\u002Fp>","https:\u002F\u002Ffiles.keepingcurrentmatters.com\u002FKeepingCurrentMatters\u002Fcontent\u002Fimages\u002F20240904\u002F20240909-Today-s-Homeowners-Are-Staying-in-Their-Houses-for-an-Average-of-10-Years-original.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},320,"Inventory","inventory","2024-09-09T10:30:00Z","2024-09-10T16:05:23Z",{"id":32,"slug":33,"title":34,"featuredImage":35,"publishedAt":36,"contentType":10,"isVideo":15},60569,"early-forecasts-for-the-2025-housing-market-infographic","Early Forecasts for the 2025 Housing Market Infographic","https:\u002F\u002Ffiles.keepingcurrentmatters.com\u002FKeepingCurrentMatters\u002Fcontent\u002Fimages\u002F20240903\u002FEarly-Forecasts-for-the-2025-Housing-Market-KCM-Share-original.jpg","2024-09-06T10:30:00Z",{"id":38,"slug":39,"title":40,"featuredImage":41,"publishedAt":42,"contentType":10,"isVideo":15},60807,"why-pre-approval-should-be-at-the-top-of-your-homebuying-to-do-list","Why Pre-Approval Should Be at the Top of Your Homebuying To-Do List","https:\u002F\u002Ffiles.keepingcurrentmatters.com\u002FKeepingCurrentMatters\u002Fcontent\u002Fimages\u002F20240904\u002F20240910-Why-Pre-Approval-Should-Be-at-the-Top-of-Your-Homebuying-To-Do-List-original.png","2024-09-10T10:30:00Z",{"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",[48,52,56,57,61,65,66,70,74,78,82,86,90,94,98,102,106,110,114,118,119,123,127,131,135,139,143,147,151,155],{"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":79,"name":80,"slug":81},38,"Move-Up","move-up",{"id":83,"name":84,"slug":85},41,"For Sale by Owner","for-sale-by-owner",{"id":87,"name":88,"slug":89},42,"Featured","featured",{"id":91,"name":92,"slug":93},45,"New Construction","new-construction",{"id":95,"name":96,"slug":97},52,"Luxury \u002F Vacation","luxury--vacation",{"id":99,"name":100,"slug":101},53,"Rent vs. Buy","rent-vs-buy",{"id":103,"name":104,"slug":105},80,"Time-sensitive","time-sensitive",{"id":107,"name":108,"slug":109},81,"Outdated","outdated",{"id":111,"name":112,"slug":113},147,"Internal","internal",{"id":115,"name":116,"slug":117},148,"Do Not Autopost","do-not-autopost",{"id":26,"name":27,"slug":28},{"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"]