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

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

By Yascha Noonberg, March 7, 2019

Courtesy of CoreLogic

“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.”

Courtesy of CoreLogic

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

Recently featured as one of the Top 150 Brokers in Portland. Certified Residential Investment Specialist VISIT MY WEBSITE  "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 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.
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Yascha Noonberg

Principal Broker & ADU Specialist


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