The Truth About Homeowner Equity
A recent article from a reputable news source was titled: Here’s why some homeowners still can’t sell. In the opening bullets of the article, the author claimed, “Negative equity is one of the main reasons why there are so few homes for sale.” The article then goes on to soften that stance but we want to bring better clarity to the equity situation.
A recent report from CoreLogic (which was quoted in the article) revealed that over 80% of all homes now have “significant equity,” which means the home has over 20% equity. That level of equity allows the homeowner to sell their home if they so desire. (There was no reference to significant equity in the article.)
If eight out of ten homeowners now have significant equity in their homes, it is hard to make the claim that lack of equity is “one of the main reasons why there are so few homes for sale.”
Here is a map showing the percentage of homes in each state which currently have significant equity:
Bottom Line
If you are one of many homeowners who is debating selling your home and are wondering how much equity you have accumulated, let’s get together to determine if now is the time to list.
To see original article please visit Keeping Current Matters.
Is a Newly Built Home Right for You? The Pros and Cons
An agent can walk you through the pros and cons of considering a newly built home and help you decide if it makes sense for you.
How To Buy a Home Without Waiting for Lower Rates
Even if mortgage rates don’t drop substantially, there are still ways to make buying a home more affordable.
A Record Percent of Buyers Are Planning To Move in 2025 – Are You?
Find the right agent to make sure your house is prepped, priced, and marketed well, so you can get ahead of the competition!
The Real Benefits of Buying a Home This Year
Let’s break down why homeownership is worth considering in 2025 and beyond, and how it can help set you up for the future.
Do You Know How Much Your Home Is Worth?
The only way to get an accurate look at what your house is really worth is to talk to a local real estate agent.
Buying a Home May Help Shield You from Inflation
A fixed-rate mortgage protects your budget, and home price appreciation grows your net worth.
Home Price Growth Is Moderating – Here’s Why That’s Good for You
It’s crucial to understand what’s happening in your local market and a local real estate agent can really help.
Are Investors Actually Buying Up All the Homes?
The idea that Wall Street investors are buying up all the homes and making it impossible for you to compete is a myth
Are You Asking Yourself These Questions About Selling Your House?
The market isn’t at a standstill. Every day, thousands of people buy, and they’re looking for homes like yours.
Buyer Bright Spot: There Are More Homes on the Market
The number of homes for sale has grown a whole lot lately and that’s true for both existing and newly built homes.
