{"id":3723,"date":"2023-03-02T11:30:12","date_gmt":"2023-03-02T11:30:12","guid":{"rendered":"https:\/\/sandpointrealtyidaho.com\/blog\/2023\/03\/02\/equity-gains-for-todays-homeowners\/"},"modified":"2023-03-02T11:30:12","modified_gmt":"2023-03-02T11:30:12","slug":"equity-gains-for-todays-homeowners","status":"publish","type":"post","link":"https:\/\/sandpointrealtyidaho.com\/blog\/2023\/03\/02\/equity-gains-for-todays-homeowners\/","title":{"rendered":"Equity Gains for Today\u2019s Homeowners"},"content":{"rendered":"\n
\"Equity\n

Today\u2019s homeowners are sitting on significant equity, even as home price appreciation has eased recently. If you\u2019re a homeowner, your net worth<\/a> got a boost over the past few years thanks to rising home prices. Here\u2019s what it means for you, even as the market moderates.<\/p>\n\n

How Equity Has Grown in Recent Years<\/strong>\u00a0<\/strong><\/h4>\n

Because of the imbalance between how many homes<\/a> were for sale and the number of homebuyers in the market over the past few years, home prices appreciated substantially.<\/p>\n\n

And while price appreciation has slowed<\/a> this year, that doesn\u2019t mean you\u2019ve lost all the equity in your home. In fact, the latest Homeowner Equity Insights <\/em>report from CoreLogic<\/em> finds<\/a> the average homeowner\u2019s equity has grown by $34,300 over the past year alone<\/strong>.<\/p>\n\n

And if you\u2019ve been in your home longer than that, chances are you have even more equity than you realize.<\/p>\n\n

While that\u2019s the national number, if you want to know what happened in your area, look at the map below from the Federal Housing Finance Agency<\/em> (FHFA). It shows<\/a> on average how much home prices have risen over the past five years, which has been a major driver behind equity growth.<\/p>\n\n

\"Equity<\/a><\/p>\n\n

Why This Is So Important Right Now<\/strong>\u00a0<\/strong><\/h4>\n

While equity helps increase your overall net worth, it can also help you achieve other goals, like buying your next home. When you sell<\/a> your current house, the equity you\u2019ve built up comes back to you in the sale, and it may be just what you need to cover a large portion \u2013 if not all \u2013 of the down payment on your next home.<\/p>\n\n

So, if you\u2019ve 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.<\/p>\n\n

Bottom Line<\/h3>\n

\nHomeownership is a long game, and if you\u2019re planning to make a move, the equity you\u2019ve 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\u2019s connect.<\/p>\n<\/div>\n\n<\/body>","protected":false},"excerpt":{"rendered":"

Today\u2019s homeowners are sitting on significant equity, even as home price appreciation has eased recently. If you\u2019re a homeowner, your net worth got a boost over the past few years thanks to rising home prices. Here\u2019s what it means for you, even as the market moderates.<\/p>\n","protected":false},"author":1,"featured_media":3724,"comment_status":"registered_only","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"jetpack_post_was_ever_published":false},"categories":[12],"tags":[29,27,20,18,28],"class_list":["post-3723","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-real-estate-insight","tag-idaho-real-estate","tag-north-idaho-homes","tag-rain-silverhawk","tag-real-estate","tag-sandpoint-idaho"],"aioseo_notices":[],"aioseo_head":"\n\t\t\n\t\n\t\n\t\n\t\n\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t