Home Equity Give Sellers Options in Today’s Market

April 2, 2021

Model House on Top of Coins

Home Equity Give Sellers Options in Today’s Market

Homeownership is one of the best ways to invest in your financial future, especially as your home equity grows. Home equity is a form of forced savings that can work to your advantage as the value of your home appreciates. Across the country, home equity was increasing before the health crisis swept our nation, and it continues to grow throughout the year, giving sellers powerful options in this market.

According to the just-released Q2 Homeowner Equity Insights Report by CoreLogic:

“U.S. homeowners with mortgages (roughly 63% of all properties) have seen their equity increase by a total of nearly $620 billion since the second quarter of 2019, an increase of 6.6%, year over year.” 

Dr. Frank Nothaft, Chief Economist for CoreLogic, attributes much of the equity growth to rising home prices:

“The CoreLogic Home Price Index registered a 4.3% annual rise in prices through June, which supported an increase in home equity.”

As the map below shows, CoreLogic also indicates that home equity is increasing in every state:

“In the second quarter of 2020, the average homeowner gained approximately $9,800 in equity during the past year.”

Home Equity Give Sellers Options in Today’s Market | MyKCM

What Does This Mean for Sellers? 

When equity is rising, as it is today, you may have more invested in your home than you realize. Mark Fleming, Chief Economist at First American, notes:

“As homeowners gain equity in their homes, they are more likely to consider using that equity to purchase a larger or more attractive home – the wealth effect of rising equity. In today’s housing market, fast rising demand against the limited supply of homes for sale has resulted in continued house price appreciation.”

If you’ve been considering making a move – whether that’s to get into a bigger home or to downsize to a smaller one – it’s a great time to reach out to a real estate professional to learn how to put your equity to work for you. You may be in a position to pay that equity forward toward your next home purchase and afford it sooner rather than later.

Bottom Line

If you’re thinking of selling, let’s connect so you can take advantage of what the current market has to offer today.

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As a real estate attorney, I interact with hundreds of realtors. I wholdheartedly recommend David Worth. He is highly experienced, knowledgeable, and incredibly easy to work with. He goes above and beyond to negotiate for his clients and stays engaged throughout the transaction.
Jennifer Bondy
As a real estate attorney, I interact with hundreds of realtors. I wholdheartedly recommend David Worth. He is highly experienced, knowledgeable, and incredibly easy to work with. He goes above and beyond to negotiate for his clients and stays engaged throughout the transaction.
Jennifer Bondy
We are excited to share our exceptional experience with Mr. David Worth in purchasing our new home at the Falcon Trace subdivision, near Hunter’s Creek here in Orlando. From start to finish, David demonstrated unparalleled professionalism, expertise, and dedication. Navigating the home-buying process can be scary and bring a ton of uncertainty,...
Pepe Mayor
We are excited to share our exceptional experience with Mr. David Worth in purchasing our new home at the Falcon Trace subdivision, near Hunter’s Creek here in Orlando. From start to finish, David demonstrated unparalleled professionalism, expertise, and dedication. Navigating the home-buying process can be scary and bring a ton of uncertainty, but David made it seamless and enjoyable. His patience and understanding were remarkable as we explored numerous properties to find our perfect home. We physically looked at 12 homes, and had him research online at least 5 more. He never pressured us to make a hasty decision, instead providing insightful guidance and support every step of the way. What truly sets David apart is his communication skills. David was always in touch with us either via phone, text or email. On the negotiation process, David tirelessly advocated on our behalf, ensuring we received the best possible deal. His knowledge of the market and strategic approach saved us both time and money, making us feel confident and well-represented throughout the negotiation process. Due to other competing commitments, we could not attend important milestones/engagements, such as the inspection of the home, and the appraisal. David attended both gladly and supervised the entire process. We can’t thank him enough for that. We are now proud homeowners in Falcon Trace, and we owe it all to David. His commitment to our satisfaction and their genuine care for our needs exceeded all our expectations. We wholeheartedly recommend David to anyone looking to buy or sell a home.
Pepe Mayor
I am writing this review to express my deepest gratitude and commendation for the exceptional service provided by our realtor Mr. David Worth. David helped us sell our Sawgrass property in Orlando Florida. Selling a house can be a daunting process, and it was even more challenging with the various drawbacks we faced with the potential...
Marco Mayor
I am writing this review to express my deepest gratitude and commendation for the exceptional service provided by our realtor Mr. David Worth. David helped us sell our Sawgrass property in Orlando Florida. Selling a house can be a daunting process, and it was even more challenging with the various drawbacks we faced with the potential buyers (the house had to be listed not once, but twice). However, David navigated these obstacles with utmost professionalism, skill, and perseverance. From the outset, David demonstrated an impressive understanding of the market and provided invaluable insights that guided us in preparing and pricing our home. His marketing strategies and price point recommendation were on point. This ensured that our property received maximum exposure and attracted numerous potential buyers. What truly set David apart was their unwavering commitment and dedication throughout the selling process. He maintained constant communication, keeping us informed at every stage and promptly addressing any concerns or questions we had. David communicates via text, email, and most importantly phone calls. He was always available when we reached out to him. As mentioned above, despite the challenges posed by selling process, David remained patient, calm, and resourceful, always finding solutions and negotiating effectively on our behalf. His expertise and experience (20+ years in Real Estate) shone through in every interaction, and his positive attitude made the entire experience much more manageable. Thanks to David’s hard work and determination, we successfully sold our house at a price we were satisfied with. We wholeheartedly recommend David Worth to anyone looking to buy or sell a home. He’s a true professional and a pleasure to work with. Even after our home sell, I know I can call David for advice. We are immensely grateful for his outstanding service and support.
Marco Mayor
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I'm thrilled to recommend David Worth for anything related to real estate. David really knows his stuff and runs his business with a lot of integrity and care. I've worked with him in several different settings, and he's always been super reliable and trustworthy. Whether you're collaborating on a project or just need solid advice, David is your go-to guy. He's dedicated, honest, and a real asset wherever he's involved.
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Page Leindecker
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Page Leindecker
David Worth is a dedicated, trustworthy, and caring professional. He truly values his clients and is genuinely committed to their benefit. I have unfortunately worked with a realtor in the past who made it clear the sale, not my best interests, were the priority. I can confidently say you will never have this experience when working with David... I highly ...
Thrive Counseling (Guidance with Garcia)
David Worth is a dedicated, trustworthy, and caring professional. He truly values his clients and is genuinely committed to their benefit. I have unfortunately worked with a realtor in the past who made it clear the sale, not my best interests, were the priority. I can confidently say you will never have this experience when working with David... I highly recommend David and Worth Real Estate Company!
Thrive Counseling (Guidance with Garcia)
I worked with David as a Loan Officer, and he was fantastic to work with throughout the entire process. Was always accessible to keep communication flowing through all parties involved, always involved in the process ensuring his client's best interest and also helping along the process with any knowledge he had to make sure the process was kept smooth for ...
Khayan Martinez
I worked with David as a Loan Officer, and he was fantastic to work with throughout the entire process. Was always accessible to keep communication flowing through all parties involved, always involved in the process ensuring his client's best interest and also helping along the process with any knowledge he had to make sure the process was kept smooth for everyone in the transaction. Definitely looking forward to working with him again, and wouldn't hesitate a second ti recommend him as a realtor to any of my clients.
Khayan Martinez
I had the pleasure of working alongside David in a collaborative effort. This partnership was a fantastic experience, even though it had MaNy obstacles, we worked together to get this deal done for our clients. His expertise, communication and teamwork are exceptional.
Xitlali Guerra
I had the pleasure of working alongside David in a collaborative effort. This partnership was a fantastic experience, even though it had MaNy obstacles, we worked together to get this deal done for our clients. His expertise, communication and teamwork are exceptional.
Xitlali Guerra
Dave was very knowledgeable about selling with all the steps involved. He went over and beyond to help us with all the special hurdles we had to jump thru on this. No doubt I would use his service again if or when needed. Thanks Jack
jack dominy
Dave was very knowledgeable about selling with all the steps involved. He went over and beyond to help us with all the special hurdles we had to jump thru on this. No doubt I would use his service again if or when needed. Thanks Jack
jack dominy
David Worth is not only a real estate agent but a dedicated and caring professional who genuinely wants the best for his clients. He provides an outstanding service and I highly recommend him to anyone looking to buy or sell their home. Thank you David
Karen Chavez
David Worth is not only a real estate agent but a dedicated and caring professional who genuinely wants the best for his clients. He provides an outstanding service and I highly recommend him to anyone looking to buy or sell their home. Thank you David
Karen Chavez

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