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)