{"id":7800,"date":"2022-07-06T10:00:35","date_gmt":"2022-07-06T10:00:35","guid":{"rendered":"https:\/\/thezakariagroup.com\/how-your-equity-can-grow-over-time\/"},"modified":"2022-07-06T10:00:35","modified_gmt":"2022-07-06T10:00:35","slug":"how-your-equity-can-grow-over-time","status":"publish","type":"post","link":"https:\/\/thezakariagroup.com\/how-your-equity-can-grow-over-time\/","title":{"rendered":"How Your Equity Can Grow over Time"},"content":{"rendered":"
\n

\"How<\/p>\n

It\u2019s true that record levels of home price appreciation<\/a> have spurred significant equity gains<\/a> for homeowners over the past few years. As Diana Olick, Real Estate Correspondent at CNBC,\u00a0says<\/a>:<\/span><\/p>\n

\n

\u201cThe stunning jump in home values over the course of the Covid-19 pandemic has given U.S. homeowners record amounts of housing wealth<\/strong>.\u201d<\/em><\/p>\n<\/blockquote>\n

That\u2019s great for your home\u2019s value over the last couple of years, but what if you\u2019ve lived in your home for longer than that? You may be wondering how much equity you truly have.<\/p>\n

The National Association of Realtors<\/em> (NAR) has done a study<\/a> to calculate the typical equity gains over longer spans of time. The data they compiled could be enough to motivate you to move. Just remember, to find out how much equity you have in your specific home, you\u2019ll want to get a professional equity assessment from a trusted real estate advisor.<\/p>\n

How Your Equity Grows <\/strong><\/h4>\n

Let\u2019s start by establishing how you build equity in your home. While price appreciation is clearly a factor that can help boost your equity, you also build equity over time as you pay down your home loan<\/a>. NAR explains<\/a>:<\/p>\n

\n

\u201cHome equity gains are built up through price appreciation and by paying off the mortgage through principal payments.<\/em>\u201d<\/p>\n<\/blockquote>\n

Average Equity Growth over Time<\/strong><\/h4>\n

The study from NAR breaks down the typical equity gain<\/a> over time (see graph below<\/em>). It calculates the equity a homeowner potentially gained if they purchased the median-priced home 5, 10, or 30 years ago and still own it today.<\/p>\n

\"How<\/a><\/p>\n

These six-figure numbers are impressive and certainly enough to help you fuel a move into your next home, but they\u2019re not a promised amount. Remember, your own equity gain will be different. It depends on how long you\u2019ve been in the house, your home\u2019s condition, any upgrades you\u2019ve made, your area, and much more.<\/strong><\/p>\n

If you want to find out how much equity you have, partner with a trusted real estate professional for an equity assessment on your home. They can provide an expert opinion on what your house is worth today and how the equity you\u2019ve gained over time can help you when you purchase your next home. It may be some (if not all) of what you need for your next down payment.<\/p>\n

Bottom Line<\/strong><\/h3>\n

If you\u2019re thinking about selling your house<\/a> and making a move, home equity can be a real game-changer, especially if you\u2019ve been in your current home for a while. If you\u2019re ready to find out how much equity you have, let\u2019s connect.<\/p>\n<\/div>\n

Powered by WPeMatico<\/a><\/small><\/p>\n","protected":false},"excerpt":{"rendered":"

It\u2019s true that record levels of home price appreciation have spurred significant equity gains for homeowners over the past few years. As Diana Olick, Real Estate Correspondent at CNBC,\u00a0says: \u201cThe stunning jump in home values over the course of the Covid-19 pandemic has given U.S. homeowners record amounts of housing wealth.\u201d That\u2019s great for your […]<\/p>\n","protected":false},"author":101010,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","enabled":false}}},"categories":[100,101,108],"tags":[],"jetpack_publicize_connections":[],"yoast_head":"\nHow Your Equity Can Grow over Time - The Zakaria Group<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/thezakariagroup.com\/how-your-equity-can-grow-over-time\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"How Your Equity Can Grow over Time - The Zakaria Group\" \/>\n<meta property=\"og:description\" content=\"It\u2019s true that record levels of home price appreciation have spurred significant equity gains for homeowners over the past few years. As Diana Olick, Real Estate Correspondent at CNBC,\u00a0says: \u201cThe stunning jump in home values over the course of the Covid-19 pandemic has given U.S. homeowners record amounts of housing wealth.\u201d That\u2019s great for your […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/thezakariagroup.com\/how-your-equity-can-grow-over-time\/\" \/>\n<meta property=\"og:site_name\" content=\"The Zakaria Group\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/thezakariagroup\/\" \/>\n<meta property=\"article:published_time\" content=\"2022-07-06T10:00:35+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/files.simplifyingthemarket.com\/wp-content\/uploads\/2022\/07\/05165548\/20220706-KCM-Share-549x300.jpg\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/thezakariagroup.com\/how-your-equity-can-grow-over-time\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/thezakariagroup.com\/how-your-equity-can-grow-over-time\/\"},\"author\":{\"name\":\"\",\"@id\":\"https:\/\/thezakariagroup.com\/#\/schema\/person\/3faf57a8142a13b0b75bddafdfe7ec5d\"},\"headline\":\"How Your Equity Can Grow over Time\",\"datePublished\":\"2022-07-06T10:00:35+00:00\",\"dateModified\":\"2022-07-06T10:00:35+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/thezakariagroup.com\/how-your-equity-can-grow-over-time\/\"},\"wordCount\":445,\"publisher\":{\"@id\":\"https:\/\/thezakariagroup.com\/#organization\"},\"articleSection\":[\"For Sellers\",\"Move-Up Buyers\",\"Pricing\"],\"inLanguage\":\"en\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/thezakariagroup.com\/how-your-equity-can-grow-over-time\/\",\"url\":\"https:\/\/thezakariagroup.com\/how-your-equity-can-grow-over-time\/\",\"name\":\"How Your Equity Can Grow over Time - The Zakaria Group\",\"isPartOf\":{\"@id\":\"https:\/\/thezakariagroup.com\/#website\"},\"datePublished\":\"2022-07-06T10:00:35+00:00\",\"dateModified\":\"2022-07-06T10:00:35+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/thezakariagroup.com\/how-your-equity-can-grow-over-time\/#breadcrumb\"},\"inLanguage\":\"en\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/thezakariagroup.com\/how-your-equity-can-grow-over-time\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/thezakariagroup.com\/how-your-equity-can-grow-over-time\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/thezakariagroup.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"How Your Equity Can Grow over Time\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/thezakariagroup.com\/#website\",\"url\":\"https:\/\/thezakariagroup.com\/\",\"name\":\"The Zakaria Group\",\"description\":\"The Zakaria Group\",\"publisher\":{\"@id\":\"https:\/\/thezakariagroup.com\/#organization\"},\"alternateName\":\"TZG, MLS\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/thezakariagroup.com\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/thezakariagroup.com\/#organization\",\"name\":\"The Zakaria Group\",\"alternateName\":\"TZG\",\"url\":\"https:\/\/thezakariagroup.com\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en\",\"@id\":\"https:\/\/thezakariagroup.com\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/thezakariagroup.com\/wp-content\/uploads\/2018\/10\/logo-1.png\",\"contentUrl\":\"https:\/\/thezakariagroup.com\/wp-content\/uploads\/2018\/10\/logo-1.png\",\"width\":400,\"height\":173,\"caption\":\"The Zakaria Group\"},\"image\":{\"@id\":\"https:\/\/thezakariagroup.com\/#\/schema\/logo\/image\/\"},\"sameAs\":[\"https:\/\/www.facebook.com\/thezakariagroup\/\",\"https:\/\/www.youtube.com\/channel\/UCX6VeVxc5BNyr8TY1piPyXw\",\"https:\/\/www.instagram.com\/thezakariagroup\/\"]},{\"@type\":\"Person\",\"@id\":\"https:\/\/thezakariagroup.com\/#\/schema\/person\/3faf57a8142a13b0b75bddafdfe7ec5d\",\"name\":\"\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en\",\"@id\":\"https:\/\/thezakariagroup.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/?s=96&d=mm&r=g\"},\"url\":\"https:\/\/thezakariagroup.com\/author\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"How Your Equity Can Grow over Time - The Zakaria Group","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/thezakariagroup.com\/how-your-equity-can-grow-over-time\/","og_locale":"en_US","og_type":"article","og_title":"How Your Equity Can Grow over Time - The Zakaria Group","og_description":"It\u2019s true that record levels of home price appreciation have spurred significant equity gains for homeowners over the past few years. As Diana Olick, Real Estate Correspondent at CNBC,\u00a0says: \u201cThe stunning jump in home values over the course of the Covid-19 pandemic has given U.S. homeowners record amounts of housing wealth.\u201d That\u2019s great for your […]","og_url":"https:\/\/thezakariagroup.com\/how-your-equity-can-grow-over-time\/","og_site_name":"The Zakaria Group","article_publisher":"https:\/\/www.facebook.com\/thezakariagroup\/","article_published_time":"2022-07-06T10:00:35+00:00","og_image":[{"url":"https:\/\/files.simplifyingthemarket.com\/wp-content\/uploads\/2022\/07\/05165548\/20220706-KCM-Share-549x300.jpg"}],"twitter_card":"summary_large_image","twitter_misc":{"Written by":"","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/thezakariagroup.com\/how-your-equity-can-grow-over-time\/#article","isPartOf":{"@id":"https:\/\/thezakariagroup.com\/how-your-equity-can-grow-over-time\/"},"author":{"name":"","@id":"https:\/\/thezakariagroup.com\/#\/schema\/person\/3faf57a8142a13b0b75bddafdfe7ec5d"},"headline":"How Your Equity Can Grow over Time","datePublished":"2022-07-06T10:00:35+00:00","dateModified":"2022-07-06T10:00:35+00:00","mainEntityOfPage":{"@id":"https:\/\/thezakariagroup.com\/how-your-equity-can-grow-over-time\/"},"wordCount":445,"publisher":{"@id":"https:\/\/thezakariagroup.com\/#organization"},"articleSection":["For Sellers","Move-Up Buyers","Pricing"],"inLanguage":"en"},{"@type":"WebPage","@id":"https:\/\/thezakariagroup.com\/how-your-equity-can-grow-over-time\/","url":"https:\/\/thezakariagroup.com\/how-your-equity-can-grow-over-time\/","name":"How Your Equity Can Grow over Time - The Zakaria Group","isPartOf":{"@id":"https:\/\/thezakariagroup.com\/#website"},"datePublished":"2022-07-06T10:00:35+00:00","dateModified":"2022-07-06T10:00:35+00:00","breadcrumb":{"@id":"https:\/\/thezakariagroup.com\/how-your-equity-can-grow-over-time\/#breadcrumb"},"inLanguage":"en","potentialAction":[{"@type":"ReadAction","target":["https:\/\/thezakariagroup.com\/how-your-equity-can-grow-over-time\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/thezakariagroup.com\/how-your-equity-can-grow-over-time\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/thezakariagroup.com\/"},{"@type":"ListItem","position":2,"name":"How Your Equity Can Grow over Time"}]},{"@type":"WebSite","@id":"https:\/\/thezakariagroup.com\/#website","url":"https:\/\/thezakariagroup.com\/","name":"The Zakaria Group","description":"The Zakaria Group","publisher":{"@id":"https:\/\/thezakariagroup.com\/#organization"},"alternateName":"TZG, MLS","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/thezakariagroup.com\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en"},{"@type":"Organization","@id":"https:\/\/thezakariagroup.com\/#organization","name":"The Zakaria Group","alternateName":"TZG","url":"https:\/\/thezakariagroup.com\/","logo":{"@type":"ImageObject","inLanguage":"en","@id":"https:\/\/thezakariagroup.com\/#\/schema\/logo\/image\/","url":"https:\/\/thezakariagroup.com\/wp-content\/uploads\/2018\/10\/logo-1.png","contentUrl":"https:\/\/thezakariagroup.com\/wp-content\/uploads\/2018\/10\/logo-1.png","width":400,"height":173,"caption":"The Zakaria Group"},"image":{"@id":"https:\/\/thezakariagroup.com\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/thezakariagroup\/","https:\/\/www.youtube.com\/channel\/UCX6VeVxc5BNyr8TY1piPyXw","https:\/\/www.instagram.com\/thezakariagroup\/"]},{"@type":"Person","@id":"https:\/\/thezakariagroup.com\/#\/schema\/person\/3faf57a8142a13b0b75bddafdfe7ec5d","name":"","image":{"@type":"ImageObject","inLanguage":"en","@id":"https:\/\/thezakariagroup.com\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/?s=96&d=mm&r=g"},"url":"https:\/\/thezakariagroup.com\/author\/"}]}},"jetpack_featured_media_url":"","_links":{"self":[{"href":"https:\/\/thezakariagroup.com\/wp-json\/wp\/v2\/posts\/7800"}],"collection":[{"href":"https:\/\/thezakariagroup.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/thezakariagroup.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/thezakariagroup.com\/wp-json\/wp\/v2\/users\/101010"}],"replies":[{"embeddable":true,"href":"https:\/\/thezakariagroup.com\/wp-json\/wp\/v2\/comments?post=7800"}],"version-history":[{"count":0,"href":"https:\/\/thezakariagroup.com\/wp-json\/wp\/v2\/posts\/7800\/revisions"}],"wp:attachment":[{"href":"https:\/\/thezakariagroup.com\/wp-json\/wp\/v2\/media?parent=7800"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/thezakariagroup.com\/wp-json\/wp\/v2\/categories?post=7800"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/thezakariagroup.com\/wp-json\/wp\/v2\/tags?post=7800"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}