Posts from December 30th, 2021
Levin Rinke Realty Blog
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December
30
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The Average Homeowner Gained $56,700 in Equity over the Past Year
Equity Growth 2021
When you think of homeownership, what's the first thing that comes to mind? Chances are you might focus on the non-financial benefits, like the security or stability a home provides. But what about equity? While it can be overlooked, a homeowner's equity helps build long-term wealth over time. Here's a look at what equity is and why it matters.
For a homeowner, your equity is the current value of your home minus what you owe on the loan. S...