Homeowners Made Big Money: This holiday season, homeowners across the nation have a reason to be especially jubilant.
In the third quarter of the previous year, the average householder in the United States gained approximately $20,000 in home equity, according to the most recent household equity insights report by CoreLogic.
In certain locations, the benefit was approximately three times that amount.
The states listed below are where homeowner equity has increased recently.
California lifts regional stay-at-home order for all regions
Hawaii
The mean increase in homeowner equity within this state during the previous year was $64,000 as of the third quarter of 2023.
Not only are Hawaiian homeowners becoming wealthier, but they will likely have an extended period to appreciate that wealth, as the state has the highest life expectancy in the country.
California
The mean increase in homeowner equity within this state during the previous year was $51,000 as of the third quarter of 2023.
A fun little-known anecdote about California is the following: The renowned panoramic scene of undulating hills and clouds, which for years adorned the displays of numerous Windows-based computers, was captured en route to San Francisco from a highway.
Massachusetts
The mean increase in homeowner equity within this state during the previous year was $45,000 as of the third quarter of 2023.
In Massachusetts, Deborah Samson, a woman who was ahead of her time, is the state protagonist. Samson assumed the guise of a male throughout the Revolutionary War to participate in the struggle for American independence.
Other states where homeowners gained the most equity
The following states also experienced a surge in homeowner values during the third quarter, as well as the amount of equity they acquired over the previous year:
- Rhode Island ($43,000)
- Connecticut ($42,000)
- New Hampshire ($41,000)
- New Jersey ($41,000)
- Maine ($34,000)
- Wisconsin ($30,000)
