As Home Equity Rises, So Does Your Wealth

Homeownership is still a crucial part of the American dream. For those people who own a home (and those looking to buy one), it’s clear that being a homeowner has considerable benefits both emotionally and financially. In addition to long-term stability, buying a home is one of the best ways to increase your net worth. This boost to your wealth comes in the form of equity.

Equity is the difference between what you owe on the home and its market value based on factors like price appreciation.

The best thing about equity is that it often grows without you even realizing it, especially in a sellers’ market like we’re in now. In today’s real estate market, the combination of low housing supply and high buyer demand is driving home values up. This is giving homeowners a significant equity boost.

According to the latest data from CoreLogic, the amount of equity homeowners have has continued to grow as home values appreciate. Here are some key takeaways from the Homeowner Equity Insights Report:

  • The average homeowner gained $51,500 in equity over the past year
  • There was a 29.3% increase in national homeowner equity year over year

To give you an idea of what that looks like in your area, the map below shows the average equity gains by state.As Home Equity Rises, So Does Your Wealth | Simplifying The Market

What does all of that mean for you?

If you’re already a homeowner, you likely have more equity in your house than you realize. The numbers in the map above reflect year-over-year growth. If you’ve been in your home for longer than a year, you’ll likely have even more equity than that. That equity can take you places. You can use the equity you’ve gained to fuel your next move, achieve other life goals, and more.

On the other hand, if you haven’t purchased a home yet, understanding equity can help you realize why homeownership is a worthwhile goal. Homeowners across the nation gained an average of over $50,000 in equity this year. Don’t miss out on this chance to grow your net worth.

Bottom Line

If you want to learn more, let’s connect. A trusted advisor can help you understand where home prices are today, how they contribute to a homeowner’s net worth, and the impact equity can have when you own a home.

As Home Equity Rises, So Does Your Wealth

As Home Equity Rises, So Does Your Wealth | Simplifying The Market

Homeownership is still a crucial part of the American dream. For those people who own a home (and those looking to buy one), it’s clear that being a homeowner has considerable benefits both emotionally and financially. In addition to long-term stability, buying a home is one of the best ways to increase your net worth. This boost to your wealth comes in the form of equity.

Equity is the difference between what you owe on the home and its market value based on factors like price appreciation.

The best thing about equity is that it often grows without you even realizing it, especially in a sellers’ market like we’re in now. In today’s real estate market, the combination of low housing supply and high buyer demand is driving home values up. This is giving homeowners a significant equity boost.

According to the latest data from CoreLogic, the amount of equity homeowners have has continued to grow as home values appreciate. Here are some key takeaways from the Homeowner Equity Insights Report:

  • The average homeowner gained $51,500 in equity over the past year
  • There was a 29.3% increase in national homeowner equity year over year

To give you an idea of what that looks like in your area, the map below shows the average equity gains by state.As Home Equity Rises, So Does Your Wealth | Simplifying The Market

What does all of that mean for you?

If you’re already a homeowner, you likely have more equity in your house than you realize. The numbers in the map above reflect year-over-year growth. If you’ve been in your home for longer than a year, you’ll likely have even more equity than that. That equity can take you places. You can use the equity you’ve gained to fuel your next move, achieve other life goals, and more.

On the other hand, if you haven’t purchased a home yet, understanding equity can help you realize why homeownership is a worthwhile goal. Homeowners across the nation gained an average of over $50,000 in equity this year. Don’t miss out on this chance to grow your net worth.

Bottom Line

If you want to learn more, let’s connect. A trusted advisor can help you understand where home prices are today, how they contribute to a homeowner’s net worth, and the impact equity can have when you own a home.

As Home Equity Rises, So Does Your Wealth

Homeownership is still a crucial part of the American dream. For those people who own a home (and those looking to buy one), it’s clear that being a homeowner has considerable benefits both emotionally and financially. In addition to long-term stability, buying a home is one of the best ways to increase your net worth. This boost to your wealth comes in the form of equity.

Equity is the difference between what you owe on the home and its market value based on factors like price appreciation.

The best thing about equity is that it often grows without you even realizing it, especially in a sellers’ market like we’re in now. In today’s real estate market, the combination of low housing supply and high buyer demand is driving home values up. This is giving homeowners a significant equity boost.

According to the latest data from CoreLogic, the amount of equity homeowners have has continued to grow as home values appreciate. Here are some key takeaways from the Homeowner Equity Insights Report:

  • The average homeowner gained $51,500 in equity over the past year
  • There was a 29.3% increase in national homeowner equity year over year

To give you an idea of what that looks like in your area, the map below shows the average equity gains by state.As Home Equity Rises, So Does Your Wealth | Simplifying The Market

What does all of that mean for you?

If you’re already a homeowner, you likely have more equity in your house than you realize. The numbers in the map above reflect year-over-year growth. If you’ve been in your home for longer than a year, you’ll likely have even more equity than that. That equity can take you places. You can use the equity you’ve gained to fuel your next move, achieve other life goals, and more.

On the other hand, if you haven’t purchased a home yet, understanding equity can help you realize why homeownership is a worthwhile goal. Homeowners across the nation gained an average of over $50,000 in equity this year. Don’t miss out on this chance to grow your net worth.

Bottom Line

If you want to learn more, let’s connect. A trusted advisor can help you understand where home prices are today, how they contribute to a homeowner’s net worth, and the impact equity can have when you own a home.

Are You Getting Enough Sleep?

Many people go to bed late and/or get up early to deal with work and family demands. Others go to bed at a reasonable time, but have trouble falling or staying asleep. Not getting enough sleep can impact many aspects of life.

How Sleep Deprivation Can Affect Physical and Mental Health
Not getting enough sleep on a regular basis can weaken your immune system and can increase your risk of becoming obese and developing serious medical conditions, such as type 2 diabetes, high blood pressure and heart disease. It may also increase your risk of having a stroke or dying prematurely.

Getting enough sleep helps the body regulate hormone and insulin levels. It may even help you lose weight without dieting and working out a lot. Sleep deprivation, however, can make you crave sugar and carbohydrates, which can lead to weight gain.

Insufficient sleep can affect your skin. It can lead to stress and can increase the production of glucocorticoids, which can lead to acne.

Driving while drowsy can raise your risk of getting into an accident. That can endanger you and others on the road.

Sleep deprivation can impact your mental health. Lack of sleep can make you feel anxious, stressed out, depressed and unmotivated. It may cause you to be tired and irritable, which can reduce your productivity and may strain your relationships with others.

Rapid eye movement (REM) sleep is a stage that is important for learning and for storing information in your long-term memory. Sleep deprivation can make you forgetful and can make it difficult to concentrate.

How to Get Enough Sleep
The American Academy of Sleep Medicine recommends that adults get at least seven hours of sleep per night. For children, the guidelines vary based on age.

Consistency is one of the keys to getting enough sleep. Go to bed and wake up at the same time every day. Staying up late one night can impact you the following day and may continue to affect you later in the week.

Make sure your bedroom is conducive to sleep. It should be dark and at a comfortable temperature. Avoid distractions, such as a TV, cellphone and laptop. They can keep you awake because of the content you use them to view and because of the light they emit.

Dont smoke, eat a large meal or consume caffeine or alcohol shortly before bed. If you have trouble sleeping, exercising may help.

The quality of your sleep is just as important as the quantity. If you wake up repeatedly during the night, or if you get enough hours of sleep but still feel tired, that means you arent getting quality sleep.

If your partner has told you that you snore, or if you find it hard to breathe, you may have a sleep disorder. Contact your doctor to discuss your symptoms and possible tests and treatments.

Published with permission from RISMedia.