Let's Connect!
JACQUELYN DUKE, REALTOR®
  • Home
  • About
    • Meet the Team
    • Testimonials
  • Sellers
    • Staging That Sells
    • Photography That Sells
    • Video That Sells
  • Buyers
    • Property Search
    • Featured Listings
    • Let Us Find What You Are Looking For
    • Get Pre-Qualified!
  • Renters
  • Resources
    • About Central Iowa
    • Utilities Information
    • Local Vendors & Contractors
    • Real Estate News
  • Blog
  • Contact
  • Privacy Policy
  • Home
  • About
    • Meet the Team
    • Testimonials
  • Sellers
    • Staging That Sells
    • Photography That Sells
    • Video That Sells
  • Buyers
    • Property Search
    • Featured Listings
    • Let Us Find What You Are Looking For
    • Get Pre-Qualified!
  • Renters
  • Resources
    • About Central Iowa
    • Utilities Information
    • Local Vendors & Contractors
    • Real Estate News
  • Blog
  • Contact
  • Privacy Policy

buying and selling doesn't have to be hard.

Equity Gains for Today’s Homeowners

3/3/2023

0 Comments

 
Picture
Picture
Equity Gains for Today’s Homeowners

Today’s homeowners are sitting on significant equity, even as home price appreciation has eased recently. If you’re a homeowner, your net worth got a boost over the past few years thanks to rising home prices. Here’s what it means for you, even as the market moderates.

How Equity Has Grown in Recent Years 
Because of the imbalance between how many homes were for sale and the number of homebuyers in the market over the past few years, home prices appreciated substantially.
And while price appreciation has slowed this year, that doesn’t mean you’ve lost all the equity in your home. In fact, the latest Homeowner Equity Insights report from CoreLogic finds the average homeowner’s equity has grown by $34,300 over the past year alone.
And if you’ve been in your home longer than that, chances are you have even more equity than you realize.
While that’s the national number, if you want to know what happened in your area, look at the map below from the Federal Housing Finance Agency (FHFA).
 It shows on average how much home prices have risen over the past five years, which has been a major driver behind equity growth.


​



​

​

Why This Is So Important Right Now 
While equity helps increase your overall net worth, it can also help you achieve other goals, like buying your next home. When you sell your current house, the equity you’ve built up comes back to you in the sale, and it may be just what you need to cover a large portion – if not all – of the down payment on your next home.
So, if you’ve been holding off on selling, it may be time to find out how much equity you have and how it can help fuel your next move.
Bottom LineHomeownership is a long game, and if you’re planning to make a move, the equity you’ve gained over time can make a big impact. To find out just how much equity you have in your current home and how you can use it to fuel your next purchase, let’s connect.
0 Comments



Leave a Reply.

    RSS Feed

    View my profile on LinkedIn

    Picture
    Picture
    Picture

    Let's Connect

    With the correct person by your side, the buying and selling process doesn't have to be full of stress, doubt and anxiety - it can actually be FUN! Contact Jacquelyn Duke today to learn more.

    Archives

    March 2023
    February 2023
    January 2023
    December 2022
    November 2022
    October 2022
    September 2022
    August 2022
    July 2022
    June 2022
    May 2022
    April 2022
    March 2022
    February 2022
    January 2022
    December 2021
    November 2021
    October 2021
    September 2021
    August 2021
    July 2021
    June 2021
    May 2021
    April 2021
    March 2021
    February 2021
    January 2021
    December 2020
    November 2020
    October 2020
    September 2020
    July 2020
    June 2020
    May 2020
    April 2020
    March 2020
    February 2020
    January 2020
    December 2019
    November 2019
    October 2019
    September 2019
    August 2019
    July 2019
    June 2019
    May 2019
    April 2019
    March 2019
    February 2019
    January 2019
    December 2018
    November 2018
    September 2018
    April 2018
    March 2018
    January 2018
    December 2017
    November 2017
    October 2017
    September 2017
    July 2017
    March 2017
    December 2016

    Categories

    All
    Featured Listings For Sale

    Jacquelyn Duke, Realtor®
    Licensed to Sell in the State of Iowa


    Jacquelyn@SellingCentralIowa.com
    (515) 240-7483
    ​

    Re/Max Concepts
    1360 SW Park Square Dr Ste 106
    Ankeny, IA 50023

    ​Disclaimer: The material on this site is solely for informational purposes. No warranties or representations have been made.
    Picture
Proudly powered by Weebly