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How Has the Market Changed my Homes Value?

  Watching the Stock Market? Check the Value of Your Home for Good News. While watching the stock market recently may have started to feel pretty challenging, checking the value of your home should come as welcome relief in this volatile time. If you’re a homeowner, your  net worth  got a big boost over the past few years thanks to rising home prices. And that increase in your wealth came in the form of home equity. Here’s how it works. Equity is the current value of your home minus what you owe on the loan.  Because there was a significant imbalance between the number of homes available for sale and the number of buyers looking to make a purchase over the past few years, home prices appreciated substantially. And while  rising inventory  and  mortgage rates  have cooled the market some in recent months, home prices nationally remain strong. That’s why, according to the latest  Homeowner Equity Insights  from  CoreLogic ,  the average homeowner equity has grown by $60,000 over the last

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