Do You Know How Much Equity You Have in Your Home?

 

Some Highlights

• If you’re a homeowner, your net worth has gotten a big boost. That’s because recent home price appreciation has increased your equity.
• Your equity grows as you pay down your loan and as your home increases in value. Over the past year, the average homeowner’s equity grew by $55,300.
• Ready to sell? Reach out to a local real estate professional to talk about how you can use that equity to fuel your next move.