The Average Homeowner Gained $64K in Equity over the Past Year
Posted: June 22, 2022 | Source: By Matt Tasgin
If you own a home, your net worth likely just got a big boost thanks to rising home equity. Equity is the current value of your home minus what you owe on the loan. And today, based on recent home price appreciation, you’re building that equity far faster than you may expect – here’s how it works.
Because there’s an ongoing imbalance between the numb...