If you own your home, do you feel richer? Like, buy-a-car or go-on-a-lavish-vacation richer?
You should: The average homeowner saw a gain of $25,000 in home equity during the year ending in June, according to a newly released study by CoreLogic.
Since home price growth has continued to fuel overall equity gains, homeowners now average about $315,000 in equity—that’s $129,000 more than they had at the onset of the COVID-19 pandemic.