Home Equity: Source of Strength for Homeowners Today
Beyond Realty
Beyond Realty
Today Darren Dowling covering "Home Equity: Source of Strength for Homeowners Today"
Home Equity: A Source of Strength for Homeowners Today
Equity is the difference between what you owe on the home and its market value based on factors like price appreciation.
In today’s real estate market, many homeowners have far more equity in their homes than they realize due to the home price appreciation we’ve seen over the past few years.
According to CoreLogic: “The total average equity per borrower has now reached almost $300,000, the highest in the data series.”
So, what does that mean for you? If you’ve lived in your house for at least a few years or more, chances are your home’s value, and your equity, has risen dramatically. In addition, the mortgage payments you’ve made during that time chipped away at the balance of your loan. If your home’s current value is higher than what you still owe on your loan, you may be able to use that increase to your advantage.
Safe Streets, Great Schools & Community Amenities Families Love
Why Sellers in Sarasota, Lakewood Ranch, Manatee County, and Charlotte County Hold a Major Advantage Before the New Year
October 2025 Market Insights: Strong Sales Rebound and Stabilizing Inventory Across Sarasota & Manatee
Sun, Safety, Affordability & Lifestyle, All in One Place
Navigating Homebuying in Sarasota and Lakewood Ranch Amid Economic Uncertainty
Your complete guide to the best Sarasota & Lakewood Ranch events Nov 21–23 — from ballet and community 5Ks to a Mustang car show and holiday lights.
You’ve got questions and we can’t wait to answer them.