{"id":193,"date":"2021-10-28T18:03:32","date_gmt":"2021-10-28T18:03:32","guid":{"rendered":"https:\/\/www.concordmortgageinc.com\/blog\/?p=193"},"modified":"2022-06-14T14:26:14","modified_gmt":"2022-06-14T14:26:14","slug":"personal-wealth-gains-as-home-equity-rises","status":"publish","type":"post","link":"https:\/\/www.concordmortgageinc.com\/blog\/personal-wealth-gains-as-home-equity-rises\/","title":{"rendered":"Personal Wealth Gains as Home Equity Rises"},"content":{"rendered":"\n<p>Part of the American Dream is homeownership. Those who own a home benefit both financially and emotionally by a form of long-term stability: equity.<\/p>\n\n\n\n<p>Equity is defined by the difference between what the homeowner owes and the house\u2019s market value based on specific factors such as price appreciation. Equity fluctuates (generally raises) without the homeowner realizing it. In today\u2019s seller\u2019s market, equity is sky-high. The blend of low housing supply combined with high buyer demand is behind the increase.&nbsp;<\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"alignright size-full is-resized\"><img decoding=\"async\" loading=\"lazy\" src=\"https:\/\/www.concordmortgageinc.com\/blog\/wp-content\/uploads\/2021\/10\/Concord-Mortgage-NS2-10-21.jpg\" alt=\"Personal Wealth Gains as Home Equity Rises\" class=\"wp-image-194\" width=\"282\" height=\"237\" srcset=\"https:\/\/www.concordmortgageinc.com\/blog\/wp-content\/uploads\/2021\/10\/Concord-Mortgage-NS2-10-21.jpg 1000w, https:\/\/www.concordmortgageinc.com\/blog\/wp-content\/uploads\/2021\/10\/Concord-Mortgage-NS2-10-21-300x253.jpg 300w, https:\/\/www.concordmortgageinc.com\/blog\/wp-content\/uploads\/2021\/10\/Concord-Mortgage-NS2-10-21-768x648.jpg 768w\" sizes=\"(max-width: 282px) 100vw, 282px\" \/><\/figure><\/div>\n\n\n<p>CoreLogic released the Homeowner Equity Insights Report, which outlines that the average homeowner gained $51,500 in equity over 2021, with a 29.3 percent increase in national homeowner equity.<\/p>\n\n\n\n<p>If you are a homeowner, congratulations! You probably have a higher amount of equity now than you realize. If you\u2019ve been a resident in the same house for over a year, you\u2019ve probably gained even more equity. Equity can be used to cover future moves, pay towards a new home purchase, or refinance and pull the money out to achieve goals, like going back to school, renovating, etc.<\/p>\n\n\n\n<p>If you aren\u2019t a homeowner yet, understanding equity can be helpful to accomplish your life objectives. Don\u2019t miss out on the opportunity to increase your net worth through homeownership. You could have gained over $50K in equity this year alone!<\/p>\n\n\n\n<p><strong>Talk with an expert at Concord Mortgage Inc. today to learn more about how home prices and homeownership can impact equity, contributing to your net worth.<\/strong><\/p>\n\n\n\n<p>Concord Mortgage&nbsp;is a mortgage lender\/broker you can trust. Whether you\u2019re looking to purchase a home, refinance your existing mortgage at a lower rate, tap into your home\u2019s equity to make improvements, or consolidate debt, we have the&nbsp;best&nbsp;options to fit your needs. With over 35 years of experience, we have the expertise and resources to help families with varying needs. Call us anytime at 517-304-3669 or visit us at&nbsp;<a href=\"https:\/\/www.concordmortgageinc.com\/\">www.concordmortgageinc.com<\/a>&nbsp;today.<\/p>\n\n\n\n<p><em>Written by the digital marketing staff at Creative Programs &amp; Systems: <\/em><a href=\"https:\/\/www.cpsmi.com\"><em>www.cpsmi.com<\/em><\/a><em>.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Part of the American Dream is homeownership. Those who own a home benefit both financially and emotionally by a form of long-term stability: equity. Equity is defined by the difference between what the homeowner owes and the house\u2019s market value based on specific factors such as price appreciation. Equity fluctuates<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[17],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v19.10 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Personal Wealth Gains as Home Equity Rises - Concord Mortgage Blog<\/title>\n<meta name=\"description\" content=\"Equity is defined by the difference between what the homeowner owes and the house\u2019s market value based on specific factors such as price appreciation. Equity fluctuates (generally raises) without the homeowner realizing it. In today\u2019s seller\u2019s market, equity is sky-high.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.concordmortgageinc.com\/blog\/personal-wealth-gains-as-home-equity-rises\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Personal Wealth Gains as Home Equity Rises - Concord Mortgage Blog\" \/>\n<meta property=\"og:description\" content=\"Equity is defined by the difference between what the homeowner owes and the house\u2019s market value based on specific factors such as price appreciation. Equity fluctuates (generally raises) without the homeowner realizing it. 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