01/03/2023
That’s right friends! The average homeowner has $300,000 in equity in their home.
👉🏼 Mortgaged homeowners saw a collective equity increase of $3.6 trillion annually in the second quarter of 2022, according to CoreLogic. The average borrower now sits on about $300,000 in home equity — the highest amount on record.
What does that mean for you as a home owner?
▪️You can pull money out of your home to pay off other debt.
▪️You can pull out money and upgrade or renovate your home to increase its sale value.
▪️When you sell you will have increased buy power.
▪️You could keep your current home and buy and investment property.
While 2020-2022 was such an interesting market, with highs and lows, we saw equity for homeowners grow at a rapid rate. We may not love those interest rates that were a direct cause of the rapid housing price incline, BUT all homeowners are benefiting. It just depends on which way you want to look at it. Building home equity is the strongest way to build financial stability 💰
If you want 2023 to be your year to become a homeowner, or are a current homeowner and want to go over options, please reach out to use me as a resource. Let’s get a plan going for you!
📲(253)-355-9131
