How Can Your Equity Increase over Time?

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Real Estate

It is true that over the previous few years, unprecedented home price increase has resulted in large equity gains for homeowners. "The spectacular spike in home values during the duration of the Covid-19 pandemic has handed U.S. homeowners record levels of housing wealth," says Diana Olick, real estate correspondent for CNBC.

A research was conducted by the National Association of Realtors (NAR) to determine the normal equity gains across longer time periods. You might be inspired to move by the data they gathered. Just keep in mind that you should obtain a professional equity evaluation from a reputable real estate advisor to determine how much equity you have in your particular residence.

Home equity may really change the game if you're considering selling your home and moving, especially if you've lived in your current home for a while. Let's connect if you're prepared to learn how much equity you have.

To know more about this topic, you may visit the link below to read the full blog about Home Equity from Keeping Current Matters.

Keeping Current Matters: How Your Equity Can Grow over Time