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I’ve got some very exciting news to share with you regarding the current real estate market. If you’ve been thinking of selling recently, you’re going to love what we have to say.
CoreLogic recently did a study on home equity. They defined “significant equity” as being 20% or more equity in your home from the time you bought it.
They asked Americans if they felt they had significant equity in their homes, and 37% said yes. That’s the perception among homeowners. In reality, 72.6% of Americans do in fact have significant equity in their homes. In Washington, that number is even higher, as 80% of homeowners have more than 20% equity in their homes.
In the chart below, you'll see that 91.5% of Americans also have positive equity in their homes.
It’s a great time to own real estate and may be a great time to sell if you've been considering it. If you have any questions for us, don’t hesitate to give us a call or send us an email. We look forward to hearing from you.
CoreLogic recently did a study on home equity. They defined “significant equity” as being 20% or more equity in your home from the time you bought it.
They asked Americans if they felt they had significant equity in their homes, and 37% said yes. That’s the perception among homeowners. In reality, 72.6% of Americans do in fact have significant equity in their homes. In Washington, that number is even higher, as 80% of homeowners have more than 20% equity in their homes.
In the chart below, you'll see that 91.5% of Americans also have positive equity in their homes.
It’s a great time to own real estate and may be a great time to sell if you've been considering it. If you have any questions for us, don’t hesitate to give us a call or send us an email. We look forward to hearing from you.
