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Attention Hudson Valley Property Owners: The Truth About Homeowner Equity

Thursday, October 5, 2017   /   by Vanessa Saunders

Attention Hudson Valley Property Owners: The Truth About Homeowner Equity

20171005-Share-STM.jpgA recent article from a reputable news source was titled: Here’s why some homeowners still can’t sell. In the opening bullets of the article, the author claimed, “Negative equity is one of the main reasons why there are so few homes for sale.” The article then goes on to soften that stance but we want to bring better clarity to the equity situation.


A recent report from CoreLogic (which was quoted in the article) revealed that over 80% of all homes now have “significant equity,” which means the home has over 20% equity. That level of equity allows the homeowner to sell their home if they so desire. (There was no reference to significant equity in the article.)


If eight out of ten homeowners now have significant equity in their homes, it is hard to make the claim that lack of equity is “one of the main reasons why there are so few homes for sale.”


Here is a map showing the percentage of homes in each state which currently have significant equity:


The Truth About Homeowner Equity | Keeping Current Matters


Bottom Line


If you are one of many homeowners who is debating selling your home and are wondering how much equity you have accumulated, contact a GPS real estate professional who can help you determine if now is the time to list.


  home investment, hudson valley real estate, hudson valley property, buying a home

Global Property Systems
Vanessa Saunders MBA MIMC CIPS - NYS RE Principal Broker
56 Lafayette Avenue Suite 320
White Plains, NY 10603
914-290-5258

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