The Truth About Homeowner Equity in 2023

@martykelly100 talks about how although homeowner equity has fallen some since last year, it is still near an all-time high.

You may have heard homeowner equity fell over the last year. But that’s only if you’re comparing it to the ‘unicorn’ years we just experienced. Here’s what you need to understand.

Equity is impacted by home values. So, as home prices moderated from the peak we saw during those ‘unicorn’ years, equity followed suit. But, let's consider the big picture.

Even though there’s been a small dip, equity is still near all-time highs. This graph helps prove my point. It shows the total amount of tappable equity in this country going all the way back to two-thousand-and-five. Notice the sudden and steep jump in pink. These are the ‘unicorn’ years when prices and equity were rapidly climbing. Now, look at the last bar in green. Sure, it’s a little lower than the pink, but it’s a whole lot higher than the other green bars which represent more normal years for the housing market.

So, what's the real story? Homeowner equity took a tiny step back, but it's still near historic highs. If you're looking to sell this year, that's good news because you can take advantage of that equity. When you’re ready, let's connect.

And Remember....
It matters who you choose to be your Realtor.

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Marty Kelly is a native Texan and has been a resident in Leander TX since 1996. Marty has been working in Real Estate since 2005, and he is currently the Broker for Keller Williams Realty in Cedar Park and Leander TX, helping friends & family buy & sell their homes for the best value with the least amount of stress.

Marty Kelly, Broker
Keller Williams Realty
c: 512.563.0799
e: MartyKelly@kw.com
w: www.MartyKelly.kw.com
APP: www.MK-KW.com

IT MATTERS WHO YOU CHOOSE.