b'W eresittinginanoptimalwhen the negative equity share was at 3.4%,If youve been taking a closer look at moment in time for homeown- or 1.8 million properties. Borrowers have seenyour house recently and are thinking it ers who are ready to sell their housesan aggregate increase of $6.2 trillion in homemight be time for you to make a move, and make a move this year. Todaysequitysincethefirstquarterof2010anddeterminingyourequitypositionis homeownersare,onaverage,stay- theaveragehomeownerhasgainedaboutagreatplacetostart.Understanding ingintheirhomeslongerthanthey$106,100 in equity. how much equity youve earned over used to, and this is one factor drivingIncreasing equity is enabling manytimecanbeakeyfactorinhelp-increasedhomeownerequity.Whenhomeownerswhoarereadytosellingyourealizethepotentialprofits equity grows, selling a house becomestheir current houses today to sell forinyourrealestateinvestmentand increasingly desirable. Heres a break- anincreasedprofit,andthenrein- movetowardyournexthomeowner-down of why its a great time to capi- vesttheirearningsinanewhome.ship goal.talize on equity gain in todays market. According to the Q2 2020 U.S. HomeBottom LineAsaveragehomeownertenureSalesReportfromATTOMData lengthens and home prices rise, equi- Solutions,inthesecondquarterofWith average home sale profits grow-ty,aformofforcedsavings,canbe2020: ing, its a great time to leverage your applied forward to the purchase of aHomesellersnationwiderealizedagainequityandmakeamove,especially new home. CoreLogic explains: of$75,971onthetypicalsale,upfromthewhile the inventory of houses for sale Overthepast10years,theequityposi- $66,500 in the first quarter of 2020 and fromandmortgageratesarehistorically tion of homeowners has positively changed$65,250inthesecondquarteroflastyear.low. If youre considering selling your as a result of more than eight years of risingThe latest figure, based on median purchasehouse, lets connect today so you can homeprices.Astheeconomyclimbedoutand resale prices, marked yet another peakbetterunderstandyourhomeequity of the recession in the first quarter of 2010,level of raw profits in the United States sincepositionandtakeonestepcloserto 25.9% or 12.1 million homes were still under- thehousingmarketbeganrecoveringfromthe home of your dreams .water, compared to the first quarter of 2020the Great Recession in 2012.'