When’s the last time you checked in on your home’s value?
Most people stay pretty glued to their bank account or retirement savings, but your home is probably your biggest asset – and it’s working for you quietly behind the scenes. If you’ve owned your place for a few years (or more), you might be sitting on way more wealth than you think.
Let’s break it down:
👉 Home equity is the difference between your home’s market value and what you still owe on your mortgage.
👉 As home prices climb and your loan gets smaller with each payment, your equity grows — and for many homeowners right now, it’s grown a lot.
According to Cotality (formerly CoreLogic), the average homeowner has around $311,000 in equity right now!
Why so much?
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Home values have soared over the last 5 years — jumping more than 57% nationwide.
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People are staying put longer, with the average homeowner living in their home for about 10 years, giving plenty of time for values to rise and mortgages to shrink.
In fact, according to the National Association of Realtors, the typical homeowner has gained around $201,600 just from price appreciation over the past decade.
So what can you do with all that equity?
You could:
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Put it toward the down payment (or full cash purchase!) of your next home.
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Renovate your current home to better fit your life today.
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Fund a business you’ve always dreamed of starting.
Bottom line: Your home equity isn’t just a number — it’s an opportunity.
If you're curious how much equity you’ve built and how you can use it to fuel your next chapter, let’s chat! I’d love to help you explore your options and make the most of what you’ve earned.
