Homeowners across the nation have a reason to feel extra merry this holiday season.
The average U.S. homeowner gained about $20,000 in home equity during the third quarter compared with one year prior, according to CoreLogic’s latest Homeowner Equity Insights report.
In some places, the gain was much bigger — around three times that amount.
Here are the states where homeowners recently saw a surge in home equity.
Hawaii
Average homeowner equity gain in this state over the past year: $64,000 as of the third quarter of 2023
Not only are homeowners getting richer in Hawaii, but they are likely to have a long time to enjoy that wealth: Hawaii has the longest life expectancy in the nation.
California
Average homeowner equity gain in this state over the past year: $51,000 as of the third quarter of 2023
Here is a little-known fun fact about California: The famous rolling hills-and-clouds dreamscape that graced many Windows-based computer screens for years was taken on a highway north of San Francisco.
Amazingly, the image was not touched up.
Massachusetts
Average homeowner equity gain in this state over the past year: $45,000 as of the third quarter of 2023
The state heroine in Massachusetts is Deborah Samson, a woman far ahead of her time. During the Revolutionary War, Samson disguised herself as a man so she could join in the fight for U.S. independence.
Other states where homeowners gained the most equity
Here are some additional states where homeowners saw values surge during the third quarter along with how much equity they gained during the past year:
- Rhode Island ($43,000)
- Connecticut ($42,000)
- New Hampshire ($41,000)
- New Jersey ($41,000)
- Maine ($34,000)
- Wisconsin ($30,000)
If you plan to buy a home in 2024, stop by the Money Talks News Solutions Center and search for a great mortgage rate.
Add a Comment