Homeowners Seeing Richer Annual Equity Gains

With higher home prices, homeowners keep getting richer. Homeowners with a mortgage have seen the equity in their home rise by 12.3 percent year-over-year, according to CoreLogic’s newly released Home Equity Report for the second quarter. The average homeowner has gained $16,200 in home equity between the second quarter of 2017 and the second quarter of 2018.