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.
The Secret To Selling? Using an Agent To Get Your House Noticed
The way your agent markets your house can be the difference between whether or not it stands out and gets attention from buyers.
How Home Equity Can Help Fuel Your Retirement
Your agent will help you understand how much equity to have and how you can use it and help you navigate the entire process.
3 Reasons To Buy a Home Before Spring
What if buying now — before the spring rush — might actually give you the upper hand? You’ll have less competition, more negotiating power and be able to lock in today’s prices before they rise.
If Your House’s Price Is Not Compelling, It’s Not Selling
Work with a local real estate agent who’s going to be honest with you about how you should price your house.
Why More People Are Buying Multi-Generational Homes Today
According to the latest data from NAR, cost savings are the main reason more people are choosing to live with family today.
When Is the Perfect Time To Move?
No matter when you buy, there’s always some benefit and some sort of trade-off – and that’s not a bad thing.
That’s just the reality of it.
One Homebuying Step You Don’t Want To Skip: Pre-Approval
A preapproval means you’ve cleared the hurdles necessary to be approved for a mortgage up to a certain dollar amount.
The Truth About Credit Scores and Buying a Home
You don’t need perfect credit to buy a home, but your score can have an impact on your loan options and the terms you’re able to get.
What To Save for When Buying a Home
Planning ahead and understanding the costs you may encounter upfront can make buying a home less intimidating and allow you to take control of the process.
Expert Forecasts for the 2025 Housing Market
If you want to find out what’s happening where you live, you need to lean on an agent who can explain the latest trends.