Just had to share...$3T in Equity!
Last week, CNBC reported that US homeowners have a combined total of $30 Trillion in tappable equity—just shy of the peak of 2022.
Per homeowner, that translates into $200,000 in tappable equity—while leaving 20% equity in the home as a cushion.
So, what can you use your home equity for?
🔨Renovations or home repairs
💰Buying an investment property
🏦Paying off debt
💵Creating an emergency fund
📋Starting a business
What else are homeowners doing with their equity?
In fact, nearly 1 in 4 homeowners are planning on selling in the next 3 years. (Source: Zillow)
If you're curious to know how much equity you have right now, call or message us!
We'll give you a call to get some more details about your home and prepare a custom report for you, so you have an accurate picture of your financial situation.
We’re excited to dig into this for you. 🙌