Realty World - Sierra Properties

Realty World - Sierra Properties

Homeowners See Nearly 20% Equity Jump in a Year

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 have seen their equity climb nearly 20% year over year, according to a new report from CoreLogic, a real estate research firm.

In the first quarter of 2021, the average homeowner gained about $33,400 in equity over the past year, the study shows.

Idaho, California, and Washington saw the largest equity gains at $70,900, $69,600, and $65,800, respectively.

More interesting individual states data at article source: “Homeowner Equity Insights: Data Through Q1 2021,” CoreLogic (2021)

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