Home Equity Explained:

What It Is and Why It Matters

It is often said that homeownership builds wealth. So, what is home equity, and how can it enhance your net worth? 
 

Bright MLS Housing Market Slowed in July, with Fewer Home Sales than Last Year

 

Prices across the Mid Atlantic continued to rise last month, driven by a greater share of higher-priced homes selling. While new…

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Homeowners Enjoy Record Equity Gains, Even Amid Slowing Sales

 

Although existing-home sales disappointed in June, prices continued their rise. Owners have netted more than $140,000 in appreciation on average in the last five years alone. Read more from NAR’s latest housing report. For homeowners, the news is good: Even as the market stays cool, prices continue heating up, leading to solid gains in appreciation on average in the last five years alone. Read more from NAR’s latest housing report.


For homeowners, the news is good: Even as the market stays cool, prices continue heating up, leading to solid gains in appreciation.

But buyers are trekking cautiously: Existing home sales—completed transactions for single-family homes, townhomes,…

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