Homeowners Currently Have A Lot of Equity. [INFOGRAPHIC]
Posted by Lauren Perreault on Friday, September 1, 2023 at 8:48:09 AM
By Lauren Perreault / September 1, 2023
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Some Highlights
- As you pay down your mortgage and home prices rise, your equity grows. With home prices rising again, your equity is increasing.
- Almost half of all homeowners are equity rich, having at least 50% equity in their homes. If you've been in your house for a while, you may have accumulated a significant amount of equity as well.
- Do you want to know how much equity you have? Contact a reputable real estate agent to obtain a Professional Equity Assessment Report (PEAR).
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