• Skip to primary navigation
  • Skip to main content
  • Skip to footer

Alex Pavlenko

Vancouver - Portland Real Estate

  • Search
  • Buy
  • Sell
  • Resources
    • What’s My Home Worth?
    • Seller’s Guide
    • Buyer’s Guide
    • Buyer’s Packet
    • For Sale By Owner Guide
    • Clark County Guide
    • Home Service Pro’s
  • Blog
  • Call/Text (360) 773-1505

5,300 Reasons to Be Happy You’re a Homeowner

December 19, 2019 by Alex Pavlenko Leave a Comment

Studies have shown that, in many cases, the largest asset a family owns is the house they live in. Over the last twelve months, that asset has gained substantial value.

CoreLogic just released their 2019 3rd Quarter Homeowner Equity Insights Report. The report revealed that:

“U.S. homeowners with mortgages (roughly 64% of all properties) have seen their equity increase by a total of nearly $457 billion since the third quarter 2018, an increase of 5.1%, year over year.”

The equity in a property is determined by comparing the current value of the property against the outstanding mortgage debt. As prices rise, the equity in a home increases.

The report went on to explain that the average homeowner gain in equity over the last twelve months was $5,300.

Here’s a map showing the average equity gain by state:5,300 Reasons to Be Happy You’re a Homeowner | Simplifying The MarketSince the housing crash in 2008, many homeowners have felt trapped in their current houses, as they didn’t have enough equity to sell. The gains in equity over the past few years may have freed some homeowners who have a desire to move.

Bottom Line

If you’re curious about your home’s equity, let’s get together to do a market analysis on the current value of your house. You may be pleasantly surprised.

Filed Under: Real Estate

More Posts

Financial Fundamentals for Homebuyers [INFOGRAPHIC]

What Experts Are Saying about the 2021 Job Market

Owning a Home Is Still More Affordable Than Renting One

Should I Wait for Lower Mortgage Interest Rates?

Reader Interactions

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Footer

Alex Pavlenko
Realtor

Connect with Alex

  • Email
  • Facebook
  • Instagram
  • Phone

Other Resources

  • Clark County Guide
  • Clark County Home Valuation
  • My Biz
  • Home Service Pro’s
  • 13011 NE Fourth Plain Blvd Suite 106, Vancouver, WA 98682
  • (360) 773-1505

Community Guide

RSS Clark County Insider | Podcast

  • Valo Cellars (Massalto Wines Tasting Room) - Vancouver, WA Waterfront April 15, 2021
  • Flat Tack Farm (Kelly & Patrick) - Vancouver, WA April 8, 2021
  • Grains Of Wrath (Brewery & Restaurant) - Camas, WA April 1, 2021
  • Home
  • Blog
  • Contact Alex
  • eMail: Alex@AlexPavlenko.com
  • Call/Text: (360) 773-1505

Copyright © 2021 · Alex Pavlenko Realtor · eXp Realty · Log in
The trademarks RMLS®, Regional Multiple Listing Service®, and the associated logos are owned by eXp Realty and it's affiliates.