April 27

April 27

I love showing this stat! This number reflects how much the average homeowner gained over the past year (from Q4 of 2020 to Q4 of 2021).

“Home prices rose 18% during 2021 in the CoreLogic Home Price Index, the largest annual gain recorded in its 45-year history, generating a big increase in home equity wealth. For low- and moderate-income homeowners, home equity has historically been a major source of wealth” -Dr. Frank Nothaft, Chief Economist for CoreLogic.

In case you’re confused, equity is the difference between how much your home is worth and how much you owe on your mortgage.

Owning a home is worth it! Let’s talk about how you can start building home equity!

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