{"id":2093,"date":"2021-09-30T12:56:27","date_gmt":"2021-09-30T12:56:27","guid":{"rendered":"https:\/\/phphouses.com\/blog\/?p=2093"},"modified":"2021-09-30T12:56:27","modified_gmt":"2021-09-30T12:56:27","slug":"home-equity-rises-wealth","status":"publish","type":"post","link":"https:\/\/phphouses.com\/blog\/home-equity-rises-wealth\/","title":{"rendered":"As Home Equity Rises, So Does Your Wealth"},"content":{"rendered":"
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As Home Equity Rises, So Does Your Wealth<\/p><\/div>\n

Homeownership is still a crucial part of the American dream. For those people who\u00a0own a home<\/a>\u00a0(and those looking to buy one), it\u2019s clear that being a homeowner has considerable benefits both\u00a0emotionally<\/a>\u00a0and\u00a0financially<\/a>. In addition to long-term stability, buying a home is one of the best ways to increase your net worth. This boost to your\u00a0wealth<\/a>\u00a0comes in the form of equity.<\/p>\n

Equity<\/strong><\/a>\u00a0is the difference between what you owe on the home and its market value based on factors like price appreciation.<\/strong><\/p>\n

The best thing about equity is that it often grows without you even realizing it, especially in a\u00a0sellers\u2019 market<\/a>\u00a0like we\u2019re in now. In today\u2019s real estate market, the combination of\u00a0low housing supply<\/a>\u00a0and high buyer demand is driving\u00a0home values<\/a>\u00a0up. This is giving homeowners a significant equity boost.<\/p>\n

According to the latest data from\u00a0CoreLogic<\/em>, the amount of equity homeowners have has continued to grow as home values appreciate. Here are some key takeaways from the\u00a0Homeowner Equity Insights Report<\/em><\/a>:<\/p>\n