Average homeowner gained $16,000 in home equity in 1 year
September 20, 2018 / Jessica Guerin
As the economy strengthens, home values continue to appreciate, and that means homeowners are raking in the equity. A report released Thursday by data analytics provider CoreLogic showed that home equity rose 12.3% year-over-year in the second quarter of 2018, meaning that the average homeowner saw their equity increase by $16,153 in one year’s time. Home equity increased in almost every state, according to the report, with the western states showing the greatest gains.