{"id":8511,"date":"2023-03-02T18:10:11","date_gmt":"2023-03-02T23:10:11","guid":{"rendered":"https:\/\/blog.sfloridaluxuryhomes.com\/?p=8511"},"modified":"2023-03-02T18:10:11","modified_gmt":"2023-03-02T23:10:11","slug":"equity-gains-for-todays-homeowners","status":"publish","type":"post","link":"https:\/\/blog.sfloridaluxuryhomes.com\/?p=8511","title":{"rendered":"Equity Gains for Today\u2019s Homeowners"},"content":{"rendered":"
\"Equity<\/p>\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<\/p>\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<\/p>\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<\/p>\n

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

\"Equity<\/a><\/p>\n<\/p>\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<\/p>\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<\/p>\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","protected":false},"excerpt":{"rendered":"

\"EquityToday\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.<\/div>\n","protected":false},"author":3,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"bgseo_title":"","bgseo_description":"","bgseo_robots_index":"","bgseo_robots_follow":"","footnotes":""},"categories":[3,85,86,89,121],"tags":[],"class_list":["post-8511","post","type-post","status-publish","format-standard","hentry","category-blog","category-for-sellers","category-housing-market-updates","category-move-up-buyers","category-pricing"],"_links":{"self":[{"href":"https:\/\/blog.sfloridaluxuryhomes.com\/index.php?rest_route=\/wp\/v2\/posts\/8511","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/blog.sfloridaluxuryhomes.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blog.sfloridaluxuryhomes.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blog.sfloridaluxuryhomes.com\/index.php?rest_route=\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/blog.sfloridaluxuryhomes.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=8511"}],"version-history":[{"count":0,"href":"https:\/\/blog.sfloridaluxuryhomes.com\/index.php?rest_route=\/wp\/v2\/posts\/8511\/revisions"}],"wp:attachment":[{"href":"https:\/\/blog.sfloridaluxuryhomes.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=8511"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.sfloridaluxuryhomes.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=8511"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.sfloridaluxuryhomes.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=8511"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}