The average U.S. homeowner gained $9,700 in equity this past year.

“Our forecast for the CoreLogic Home Price Index predicts there will be a a 4.5 percent increase in our national index from December 2018 to the end of 2019,” said Dr. Frank Nothaft, chief economist for CoreLogic, in a prepared statement. “If all homes experience this gain, this would lift about 350,000 homeowners from being underwater and restore positive equity.”

What’s more, the average homeowner has gained $9,700 in equity over the past year. In Nevada and Hawaii, this number was as high as $29,400 and $26,900, respectively. CoreLogic predicts the number of homes with negative equity will even out by the end 0f 2019 given that home values across the country continue to grow, albeit at a slower pace than a year earlier.

“As home prices rise, significantly more people are choosing to remodel, repair or upgrade their existing homes,” said Frank Martell, president and CEO of CoreLogic, in a prepared statement. “With rates still ultra-low by historical standards, home-equity loans provide a low-cost method to finance home-improvement spending. These expenditures are expected to rise 5 percent in 2019.”

Yascha Noonberg

Principal Broker | ADU Specialist | OR

He/Him

Consistently featured as one of the Top 50 Brokers in Portland. Certified Residential Investment Specialist "Yascha is absolutely an asset, not only to his clients, but his industry as a whole as an example of how REALTORS® should strive to conduct business." —Past client VISIT MY WEBSITE  I was fortunate enough to move to Portland in the 90s after growing up in Maryland and then attending college in Texas. My professional life started with owning and operating a music school and recording studio in SE Portland. Eventually I was drawn to real estate both as an investor and subsequently as a consultant to homebuyers and sellers as well as fellow real estate investors. My family and I have lived on both sides of the river, and we spend a lot of our down time at the coast in Manzanita. My real estate business and family keep me very busy but whenever possible I get out on the courts to compete in tennis leagues and tournaments, and I recently started playing Pickleball. I also mix in the occasional gig or young audiences performance with local jazz group Trashcan Joe.

Read More

• T: 503-810-6312
• F: 503-961-8224
• yascha@livingroomre.com