Hot housing market fuels a rise in homeowners’ equity

LOS ANGELES (AP) — The red-hot U. S. housing market is paying off for many homeowners, even those who aren’t looking to sell their home. On average, homes with a mortgage gained $26,300 in equity in the last three months of 2020 versus a year earlier, according to real estate information company CoreLogic. That average gain is the highest since 2013, the firm said. CoreLogic said homes with a mortgage account for about 62% of all U. S. properties.

Source: Hot housing market fuels a rise in homeowners’ equity