{"id":3021,"date":"2020-06-18T05:00:37","date_gmt":"2020-06-18T10:00:37","guid":{"rendered":"https:\/\/nwiloanguy.com\/blog\/want-to-make-a-move-homeowner-equity-is-growing-year-over-year\/"},"modified":"2020-06-18T05:00:37","modified_gmt":"2020-06-18T10:00:37","slug":"want-to-make-a-move-homeowner-equity-is-growing-year-over-year","status":"publish","type":"post","link":"https:\/\/nwiloanguy.com\/blog\/want-to-make-a-move-homeowner-equity-is-growing-year-over-year\/","title":{"rendered":"Want to Make a Move? Homeowner Equity is Growing Year-Over-Year"},"content":{"rendered":"<p><img data-recalc-dims=\"1\" decoding=\"async\"  src=\"https:\/\/i0.wp.com\/files.simplifyingthemarket.com\/wp-content\/uploads\/2020\/06\/17145607\/20200618-KCM-Share-549x300.jpg?w=358&#038;ssl=1\" class=\"webfeedsFeaturedVisual wp-post-image\" alt=\"Want to Make a Move? Homeowner Equity is Growing Year-Over-Year | Simplifying The Market\" style=\"margin-bottom: 5px;clear:both;max-width: 100%\" \/><\/p>\n<p>One of the bright spots of the 2020 real estate market is the growth in equity homeowners are experiencing across the country. According to the recently released <a href=\"https:\/\/www.corelogic.com\/insights-download\/homeowner-equity-report.aspx\" target=\"_blank\" rel=\"nofollow noopener noreferrer\"><em>Homeowner Equity Insights Report<\/em><\/a> from <em>CoreLogic<\/em>, in nearly every state there was a year-over-year first-quarter equity increase, averaging out to a 6.5% overall gain.<span id=\"more-42532\"><\/span><\/p>\n<p>The report notes:<\/p>\n<blockquote>\n<p><em>\u201cCoreLogic analysis shows U.S. homeowners with mortgages (roughly 63% of all properties) have seen their equity increase by a total of nearly $590 billion since the first quarter of 2019, an increase of 6.5%, year over year.\u201d (See map below):<\/em><\/p>\n<\/blockquote>\n<p><a href=\"https:\/\/i0.wp.com\/files.simplifyingthemarket.com\/wp-content\/uploads\/2020\/06\/17145500\/20200618-MEM-ENG.jpg?ssl=1\" target=\"_blank\" rel=\"nofollow noopener noreferrer\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-42533\" src=\"https:\/\/i0.wp.com\/files.simplifyingthemarket.com\/wp-content\/uploads\/2020\/06\/17145500\/20200618-MEM-ENG.jpg?resize=650%2C488&#038;ssl=1\" alt=\"Want to Make a Move? Homeowner Equity is Growing Year-Over-Year | Simplifying The Market\" width=\"650\" height=\"488\" \/><\/a>This means that <em>\u201c<strong>In the first quarter of 2020, the average homeowner gained approximately $9,600 in equity during the past year.\u201d<\/strong><\/em><\/p>\n<p>That\u2019s a huge win for homeowners, especially for those looking to sell their houses and make a move this <a href=\"https:\/\/www.simplifyingthemarket.com\/2020\/05\/27\/why-this-summer-is-the-2020-real-estate-season\/?a=375140-ca8522ad04357da9549c08492a932f70\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">summer<\/a>. Having equity to re-invest in your next home is a major force that can make moving a reality, especially while buyers are expressing such a <a href=\"https:\/\/www.simplifyingthemarket.com\/2020\/06\/16\/three-reasons-homebuyers-are-ready-to-purchase-this-year\/?a=375140-ca8522ad04357da9549c08492a932f70\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">high demand<\/a> for homes to purchase.<\/p>\n<p>Frank Martell, <em>President and CEO<\/em> of <em>CoreLogic<\/em> addresses the potential long-term outlook and how homeowners will likely fare much more positively through the current <a href=\"https:\/\/www.simplifyingthemarket.com\/2020\/06\/10\/is-a-recession-here-yes-does-that-mean-a-housing-crash-no\/?a=375140-ca8522ad04357da9549c08492a932f70\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">recession<\/a> than many did during the last one:<\/p>\n<blockquote>\n<p><em>&#8220;Many homeowners will experience a recession during their lifetime, and it is reasonable to compare the current recession to those in the past. But the comparison is not apples to apples \u2014 every recession is different. Primary drivers of the Great Recession were an overbuilt housing stock, risky mortgages and the collapse of home prices, creating a massive increase in negative equity that proved difficult to recover from. Today\u2019s housing environment has low vacancy and delinquency rates and a <strong>large home equity cushion<\/strong>.\u201d<\/em><\/p>\n<\/blockquote>\n<h3><strong>Bottom Line <\/strong><\/h3>\n<p>Now is a great time to consider leveraging your equity and making a move, especially while buyer interest is high. Let\u2019s connect to explore your equity position and make your next move a reality.<\/p>\n<p>Source: New feed<\/p>\n","protected":false},"excerpt":{"rendered":"<p>One of the bright spots of the 2020 real estate market is the growth in equity homeowners are experiencing across the country. According to the recently released Homeowner Equity Insights Report from CoreLogic, in nearly every state there was a year-over-year first-quarter equity increase, averaging out to a 6.5% overall gain. The report notes: \u201cCoreLogic [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":3022,"comment_status":"false","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"rop_custom_images_group":[],"rop_custom_messages_group":[],"rop_publish_now":"initial","rop_publish_now_accounts":{"facebook_10157519356927224_105287467588662":"","twitter_15771620_15771620":""},"rop_publish_now_history":[],"rop_publish_now_status":"pending","_exactmetrics_skip_tracking":false,"_exactmetrics_sitenote_active":false,"_exactmetrics_sitenote_note":"","_exactmetrics_sitenote_category":0,"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[1],"tags":[54],"class_list":{"0":"post-3021","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-local-info","8":"tag-100-financing","9":"entry"},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Want to Make a Move? 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The report notes: \u201cCoreLogic [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/nwiloanguy.com\/blog\/want-to-make-a-move-homeowner-equity-is-growing-year-over-year\/\" \/>\n<meta property=\"og:site_name\" content=\"NWI Loan Guy Blog\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/NWIHomeLoans\" \/>\n<meta property=\"article:author\" content=\"https:\/\/www.facebook.com\/NWIHomeLoans\" \/>\n<meta property=\"article:published_time\" content=\"2020-06-18T10:00:37+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/i1.wp.com\/nwiloanguy.com\/blog\/wp-content\/uploads\/2020\/06\/20200618-KCM-Share-549x300-1.jpg?fit=549%2C300&ssl=1\" \/>\n\t<meta property=\"og:image:width\" content=\"549\" \/>\n\t<meta property=\"og:image:height\" content=\"300\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Scott\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Scott\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/nwiloanguy.com\\\/blog\\\/want-to-make-a-move-homeowner-equity-is-growing-year-over-year\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/nwiloanguy.com\\\/blog\\\/want-to-make-a-move-homeowner-equity-is-growing-year-over-year\\\/\"},\"author\":{\"name\":\"Scott\",\"@id\":\"https:\\\/\\\/nwiloanguy.com\\\/blog\\\/#\\\/schema\\\/person\\\/a2840f8950fa5f9de1d1db60cab8be1e\"},\"headline\":\"Want to Make a Move? 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