Home Equity Increased Nearly 10% In The Past Year

Home values across the US have been on the rise. And, for many homeowners, that also means a significant increase in equity.

According to a recent article from Realtor Magazine, home values are up across the country; 86 percent of measured markets saw an increase in home prices in Q1 2019, bringing the national median existing single-family home price to $254,800. And with those rising prices comes an increase in equity for homeowners. According to Lawrence Yun, Chief Economist for the National Association of Realtors®, the average homeowners saw their home equity increase by an impressive $9,500 over the past year.

The Takeaway

If you’ve been thinking about selling your home, now is a great time to make a move. Chances are your home value has increased—and that increase in value can translate to an increase in profit when you make the sale.