Prices may be higher on the east and west coasts of the US, but if you want to gain some fast traction when it comes to home equity, the big winners are found in the western portion of the United States.
CoreLogic published a study in which it stated that equity in real estate has now climbed to a new all-time high. Since the second quarter of 2018, the average borrower in the United States gained approximately $5,000 in home equity.
Home Equity Winners
- Idaho $22,000
- Wyoming $20,000\
- Nevada $17,000
The only losses occurred in Connecticut, Delaware and North Dakota. New York saw a gain of $4,000 and New Jersey a $6,000 gain in home equity. Illinois just squeezed in a $2,000 gain. 2018 was an exceptionally strong year for the homeowners, who gained on average nearly $10,000 in homeowner equity. 2019 is showing itself to be much lower than 2018.
If you have any questions about this information or title insurance, please contact Ralph Aponte: 732.914.1400.
Counsellors Title Agency, www.counsellorstitle.net, founded in 1996, is one of New Jersey’s most respected title agencies, serving all 21 New Jersey counties with title insurance, clearing title, escrow, tidelands searches, and closing and settlement services for commercial or industrial properties, waterfront properties and marinas, condominiums, townhouses or residential single family homes. Counsellors Title also features its own Attorney Settlement Assistance Program™ [ASAP], which is an individual resource customized to fit the needs specifically of real estate attorneys, including, Documentation, Preparation, Disbursement of Funds, Attendance at Closing, HUD Preparation or Post-Closing Matters.
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