{"id":11494,"date":"2022-11-21T05:58:54","date_gmt":"2022-11-21T05:58:54","guid":{"rendered":"https:\/\/amazingproperty.com.ng\/blog\/homeowners-see-nearly-20-equity-jump-in-a-year\/---fdeb8405-0c74-4e09-899a-7666e5d1fff3"},"modified":"2022-11-21T06:05:32","modified_gmt":"2022-11-21T06:05:32","slug":"homeowners-saw-almost-20-equity-jump-in-a-year","status":"publish","type":"post","link":"https:\/\/amazingproperty.com.ng\/blog\/homeowners-saw-almost-20-equity-jump-in-a-year\/","title":{"rendered":"Homeowners Saw Almost 20% Equity Jump in a Year"},"content":{"rendered":"

\"Equity<\/p>\n

Equity Jump, The first quarter of 2021, the average homeowner gained about $33,400 in equity over the past year.<\/h2>\n

 <\/p>\n

Existing homeowners may be feeling richer since they’ve received a notable boost to their home equity over the last year. Homeowners with a mortgage<\/a> have seen their equity climb nearly 20% year over year, according to a new report from CoreLogic, a real estate<\/a> research firm.<\/p>\n

In the first quarter of 2021, the average homeowner gained about $33,400 in equity jump<\/strong> over the past year, the study shows.<\/p>\n

Idaho, California, and Washington saw the largest equity gains at $70,900, $69,600, and $65,800, respectively.<\/p>\n

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\u201cHomeowner equity has more than doubled over the past decade and become a crucial buffer for many weathering the challenges of the pandemic,\u201d says Frank Martell, president and CEO of CoreLogic. \u201cThese gains have become an important financial tool and boosted consumer confidence in the U.S. housing<\/a> market, especially for older homeowners and baby boomers who\u2019ve experienced years of price appreciation.\u201d<\/p>\n

The National Association of REALTORS\u00ae reported recently that the median existing-home sales price for all housing types in April was $341,600, a record high for home prices. All four major regions of the U.S. posted double-digit year over year increases in April.<\/p>\n

Homeowners who are nearing the end of their pandemic-aid forbearance options but still struggling to keep up with house payments may find selling their home an option over foreclosing. The number of residential properties with a mortgage in a negative equity position\u2014worth less than what the borrowers\u2019 mortgage is\u2014plunged by 24% year over year. Negative equity properties represent just 2.6% of all mortgaged homes, according to CoreLogic.<\/p>\n","protected":false},"excerpt":{"rendered":"

Equity Jump, The first quarter of 2021, the average homeowner gained about $33,400 in equity over … Homeowners Saw Almost 20% Equity Jump in a Year<\/span>Read more<\/a><\/p>\n","protected":false},"author":1,"featured_media":11506,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"advanced_seo_description":"","jetpack_seo_html_title":"","jetpack_seo_noindex":false,"jetpack_seo_schema_type":"","_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"jetpack_post_was_ever_published":false},"categories":[4],"tags":[4751,3031,12908,543,215,248,3051,627,127,617,344,408,1007,41,84,15319],"class_list":["post-11494","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-opportunities-in-new-markets","tag-amazing","tag-equity-jump","tag-home","tag-home-buying-guide","tag-home-sale","tag-home-sales","tag-homeowner","tag-homeowners","tag-homes","tag-house","tag-housing","tag-mortgage","tag-owners","tag-property","tag-real-estate","tag-weather"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2021\/06\/Equity-Jump.png?fit=1024%2C733&ssl=1","jetpack_sharing_enabled":true,"jetpack-related-posts":[{"id":8728,"url":"https:\/\/amazingproperty.com.ng\/blog\/despite-rising-prices-negative-equity-persists\/","url_meta":{"origin":11494,"position":0},"title":"Despite Rising Prices, Negative Equity Persists","author":"Amazing Property","date":"June 11, 2018","format":false,"excerpt":"Though homeowners are seeing their equity grow\u2014properties with negative equity fell 3 percent in the first quarter of this year\u20142.5 million homes nationwide still are considered underwater, according to CoreLogic\u2019s Home Equity Report. Negative equity refers to borrowers who owe more on their mortgages than their homes are worth and\u2026","rel":"","context":"In "Opportunities In New Markets"","block_context":{"text":"Opportunities In New Markets","link":"https:\/\/amazingproperty.com.ng\/blog\/category\/opportunities-in-new-markets\/"},"img":{"alt_text":"1806 Corelogic Negative Equity.jpg","src":"https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2018\/06\/1806_CoreLogic_Negative_Equity.jpg?fit=858%2C1200&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2018\/06\/1806_CoreLogic_Negative_Equity.jpg?fit=858%2C1200&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2018\/06\/1806_CoreLogic_Negative_Equity.jpg?fit=858%2C1200&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2018\/06\/1806_CoreLogic_Negative_Equity.jpg?fit=858%2C1200&ssl=1&resize=700%2C400 2x"},"classes":[]},{"id":1903,"url":"https:\/\/amazingproperty.com.ng\/blog\/homeowners-find-an-equity-bright-spot\/","url_meta":{"origin":11494,"position":1},"title":"Homeowners Find an Equity Bright Spot","author":"Amazing Property","date":"March 13, 2017","format":false,"excerpt":"One million U.S. borrowers regained equity in 2016, according to CoreLogic\u2019s newly released housing\u00a0report. Further, about 63 percent of all homeowners saw their equity increase last year. Read more: More Homeowners Turn to Their Equity Again Now, 93.8 percent of all mortgaged properties\u2014or about 48 million homes\u2014are in positive equity\u2026","rel":"","context":"In "Opportunities In New Markets"","block_context":{"text":"Opportunities In New Markets","link":"https:\/\/amazingproperty.com.ng\/blog\/category\/opportunities-in-new-markets\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":1934,"url":"https:\/\/amazingproperty.com.ng\/blog\/a-glance-at-homeowners-equity-by-state\/","url_meta":{"origin":11494,"position":2},"title":"A Glance at Homeowners\u2019 Equity by State","author":"Amazing Property","date":"March 14, 2017","format":false,"excerpt":"Rising home prices are boosting homeowners\u2019 equity across the country. 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