50% Home Equity

Did you know that 50% of homeowners have at least 50% equity in their homes?! This means that half of the homeowners in the US have a loan balance for less than half of the value of their home.
These equity amounts will keep the housing market stable and real estate a smart investment even as we see interest rates rise and record-high prices.
This needs to be kept in perspective as the market recalibrates and finds stabilization. Realtors are excited to see contingencies become more normal again and buyers gain back some of their deserved protections during their process. That being said, real estate is a long-term hold and one that provides for amazing wealth-building opportunities and nimble footing to make big life transitions.
Sellers can expect to still sell for the most they ever could, but not continue to have escalations and “bidding wars” like the last few years in the coming months. Accurate pricing is going to be critical and the hardest part of Realtors’ jobs as the market shifts.
If you are curious about the value of your home and how it might help you pivot to your next goal, please reach out. I’d be happy to weigh in on your home’s value and empower you to make an informed decision with your equity.