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House Search Support | Realty One Group - Las Vegas - Petrosian Real Estate Blog

Tuesday, December 20, 2022   /   by House Search Support

Homeowners Still Have Positive Equity Gains over the Past 12 Months

Homeowners Still Have Positive Equity Gains over the Past 12 Months





 



If you’re a homeowner, your net worth got a big boost over the past few years thanks to rapidly rising home prices. Here’s how it happened and what it means for you, even as the market moderates.

Equity is the current value of your home minus what you owe on the loan.

Because there was a significant imbalance between the number of homes available for sale and the number of buyers looking to make a purchase over the past few years, home prices appreciated substantially.

And while home price appreciation has moderated this year, and even depreciated slightly in some overheated markets, that doesn’t mean you’ve lost all the equity you gained during the pandemic frenzy.

To prove you still have equity you can use, the latest Homeowner Equity Insights from CoreLogic finds the average homeowner equity has actually grown by $34,300 over ...
Realty One Group - Las Vegas - Petrosian Real Estate
Nathan Petrosian
8395 W Sunset Rd #190
Las Vegas, NV 89113
702-428-3969

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