{"id":18614,"date":"2021-03-16T11:12:16","date_gmt":"2021-03-16T11:12:16","guid":{"rendered":"http:\/\/www.anthonydidonato.net\/wordpress\/?p=18614"},"modified":"2021-03-16T11:51:58","modified_gmt":"2021-03-16T11:51:58","slug":"renters-take-notice-of-home-equity-increases","status":"publish","type":"post","link":"https:\/\/www.anthonydidonato.net\/wordpress\/renters-take-notice-of-home-equity-increases\/","title":{"rendered":"Renters Take Notice of Home Equity Increases"},"content":{"rendered":"

Renters Take Notice of Home Equity Increases<\/h1>\n
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Home prices are up sharply, and the average annual homeowner equity gains in the fourth quarter of 2020 reached the highest level since 2013, CoreLogic reports in its latest Home Equity Report. These gains among homeowners have helped to offset some of the financial difficulties from the pandemic.<\/p>\n

\u201cThis growing bank of personal wealth that homeownership affords was noticed by many but in particular for first-time buyers who want a piece of the cake,\u201d says Frank Martell, president and CEO of CoreLogic. \u201cAs a result, we may see more of those currently renting start to enter the market in the near future.\u201d<\/p>\n

In the fourth quarter of 2020, the average homeowner gained about $26,300 in equity during the past year. California, Idaho, and Washington saw the largest average equity gains at $54,500, $48,500, and $47,200 respectively.<\/p>\n

Meanwhile, properties in a negative equity position\u2014reflecting borrowers who owe more on their mortgages than their homes are currently worth\u2014dropped to 2.8% of all properties with a mortgage in the fourth quarter of 2020, a 21% decrease compared to the previous quarter.<\/p>\n

The increase in equity is enabling more families \u201cto finance home remodeling, such as adding an office or study, further contributing to last year\u2019s record level in home improvement spending,\u201d says Frank Nothaft, chief economist at CoreLogic.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n

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Source:<\/div>\n
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\u201cHome Equity Report<\/a>,\u201d CoreLogic (2021)<\/div>\n
\u00a9National Association of REALTORS\u00ae
\nReprinted with permission<\/span><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Renters Take Notice of Home Equity Increases Home prices are up sharply, and the average annual homeowner equity gains in the fourth quarter of 2020 reached the highest level since 2013, CoreLogic reports in its latest Home Equity Report. These gains among homeowners have helped to offset some of the financial difficulties from the pandemic. … <\/p>\n

Continue reading<\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[16,8],"tags":[5,32,4,9],"class_list":["post-18614","post","type-post","status-publish","format-standard","hentry","category-news","category-real-estate-tips","tag-anthony-didonato","tag-news","tag-real-estate","tag-tips","item-wrap"],"yoast_head":"\nRenters Take Notice of Home Equity Increases - Real Estate Agent and Sales in PA - Anthony DiDonato Broomall, Media, Delaware County and surrounding areas in Pennsylvania<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.anthonydidonato.net\/wordpress\/renters-take-notice-of-home-equity-increases\/\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/renters-take-notice-of-home-equity-increases\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/renters-take-notice-of-home-equity-increases\\\/\"},\"author\":{\"name\":\"admin\",\"@id\":\"http:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/#\\\/schema\\\/person\\\/964792b6994e8cc4cbddc36ad4824908\"},\"headline\":\"Renters Take Notice of Home Equity Increases\",\"datePublished\":\"2021-03-16T11:12:16+00:00\",\"dateModified\":\"2021-03-16T11:51:58+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/renters-take-notice-of-home-equity-increases\\\/\"},\"wordCount\":234,\"publisher\":{\"@id\":\"http:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/#\\\/schema\\\/person\\\/964792b6994e8cc4cbddc36ad4824908\"},\"keywords\":[\"Anthony DiDonato\",\"News\",\"Real Estate\",\"tips\"],\"articleSection\":[\"News\",\"Real Estate Tips\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/renters-take-notice-of-home-equity-increases\\\/\",\"url\":\"https:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/renters-take-notice-of-home-equity-increases\\\/\",\"name\":\"Renters Take Notice of Home Equity Increases - 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