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Over 700,000 Homes in the US Regained Equity in 2017

Posted by Daria Admin on Monday, January 8th, 2018 at 1:22pm.

 

Over 700,000 Homes in the US Regained Equity in 2017. This is amazing news for the country and home owners across the nation. This means our country is technically worth more. Homeowners now have the ability to profit on homes sales and move up to a more expensive home or be more stable with mortgage payments. This increase in home equity brings 20% of home owners out of negative equity.

  • The average American homeowner has gained $14,900 in equity during the past year.
  • 3.2 Million homes since 2016 have moved into positive equity
  • 63% of home owners have had their equity increased, increasing the value of american homes $870.6 Billion since the Third Quater of 2016.

This InfoGraphic shows the amount of homes with positive equity in each state.

712,000 Homes in the US Regained Equity in the Past 12 Months! | MyKCM

This is Great News.

This is the largest equity increase in the past 3 years. This has the potential to drive up homes values, Leading to another increase in equity and helping consumer spending.

This spark in the Housing market greatly impacts 82.9% of home owners. this means 75% of homes owners with a mortgage could use the equity in their homes to purchase another!

Te map below shows the large increase in home equity across the country. New Jersey is showing 76.9 of homes with a shortage have increased dramatically. 

712,000 Homes in the US Regained Equity in the Past 12 Months! | MyKCM

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