Here’s a look at recent news of interest to homebuyers, home sellers, and the home-curious.
GOLDEN STATE HOMEOWNERS GAIN THREE TIMES MORE EQUITY THAN THE U.S. AVERAGE
Although U.S. homeowners saw their home-equity gains moderate in the third quarter due to cooling price growth, California remains at the top of the heap, with owners pulling in about three times the national average.
A new CoreLogic report says that the average American homeowner gained $12,400 in equity year over year in the third quarter, down by $3,600 from the second quarter. Golden State owners enjoyed the largest annual equity increase in the U.S., making an average of nearly $37,000 from the third quarter of 2017.