Why Your Home Equity Still Puts You Ahead in Today’s Market
If you’ve seen recent headlines about home prices cooling down, you might be wondering what that means for your home’s value. The good news? Even with slight market adjustments, most homeowners are still way ahead thanks to strong home equity growth over the past few years. After the record-breaking price surge of 2020 and 2021, a little moderation was inevitable as more homes entered the market. However, nationwide data from Zillow shows that home prices have risen nearly 45% since March 2020, far outpacing the minor declines in a few local areas. According to the Federal Housing Finance Agency (FHFA), every U.S. state has seen home values climb over the last five years, meaning homeowners are sitting on substantial equity gains. This strong equity position offers incredible flexibility whether you’re considering selling your home, upgrading to a larger property, or downsizing. As experts note, large price drops are highly unlikely today’s market is simply stabilizing after years of rapid growth. If you’d like to know how much equity you’ve built and what your home is worth in today’s real estate market, connect with a trusted local real estate professional today.
