The Truth About Equity

Dated: 01/25/2018

Views: 150

 

The Truth About Homeowner Equity

The Truth About Homeowner Equity | MyKCM

A recent article from a reputable news source was titled: Here's why some homeowners still can't sell. In the opening bullets of the article, the author claimed, “Negative equity is one of the main reasons why there are so few homes for sale.” The article then goes on to soften that stance but we want to bring better clarity to the equity situation.

A recent report from CoreLogic (which was quoted in the article) revealed that over 80% of all homes now have “significant equity,” which means the home has over 20% equity. That level of equity allows the homeowner to sell their home if they so desire. (There was no reference to significant equity in the article.)

If eight out of ten homeowners now have significant equity in their homes, it is hard to make the claim that lack of equity is “one of the main reasons why there are so few homes for sale.”

Here is a map showing the percentage of homes in each state which currently have significant equity:

The Truth About Homeowner Equity | MyKCM

Bottom Line

If you are one of many homeowners who is debating selling your home and are wondering how much equity you have accumulated, let’s get together to determine if now is the time to list.


Blog author image

Jennifer Fritsche

I believe that every family should be able to buy or sell a home with confidence. Selling your home quickly for the most value is my #1 goal when you list with me. I look forward to providing excellen....

Want to Advertise on this Site?

Latest Blog Posts

If You Are Not Seeing Results Check Your Price

 If Your Home Hasn’t Sold Yet… Definitely Check the Price!The residential housing market has been hot. Demand has remained strong ­throughout spring as many real estate professionals are

Read More

Why You Need To Sell This Summer

Why You Need To Sell This SummerThe market is hot, hot, hot! With interest rates at an all time low for buyers, the market has turned into a feeding frenzy, and home sales are skyrocketing in.

Read More

Why You Need An Agent For New Construction

Why You Need An Agent For New ConstructionAre you ready to buy a home and considering going in the route of new builds? It may seem like an easy enough process, where you get to call the shots of

Read More

A Few Storage Ideas For Small Bathrooms

Storage Ideas For Small BathroomsIs your bathroom small? It’s the worst, isn’t it? Well, unfortunately, small bathrooms are very common, and are usually the smallest rooms in the house. I can

Read More