The Average Homeowner Saw a $12,500 Increase in Equity This Year

From today's Real Deal:

The biggest holiday gift this year for millions of Americans doesn’t fit under a tree and can be a little hard to grasp, but it may be of exceptional value: If you own a home, the odds are good that your equity holdings increased by thousands of dollars over the past 12 months.

New quarterly data released by the Federal Reserve reveal that American homeowners’ equity grew by $1.02 trillion in the 12-month period ending Sept. 30. A giant national number like that may glaze your eyes and be difficult to relate to personally, but calculations made by analytics and valuation tech firm CoreLogic bring it down to earth: The average owner saw a $12,500 gain in equity last year.  Read the entire article here.  

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