Home Ownership

Ways Your Home Equity Can Help You Reach Your Goals

Ways Your Home Equity Can Help You Reach Your Goals

As experts in residential real estate in Cypress, TX, and the surrounding areas, The Jill Smith Team is committed to helping you make informed decisions about your home. Today, we want to shed light on the powerful concept of home equity and how it ...

Read More
CoreLogic's Homeowner Equity Insights 2023

CoreLogic's Homeowner Equity Insights 2023

In this comparison of two articles from CoreLogic, we analyze the Homeowner Equity Insights for Q1 2023 and Q2 2023. These reports provide crucial data about homeowner equity in the United States and various states, including Texas. Homeowner Equity ...

Read More
Building Wealth Through Home Ownership

Building Wealth Through Home Ownership

How Owning a Home Grows Your Wealth with Time Owning a home has the potential to grow your wealth over time through several key mechanisms: 1. Home Equity: As you make mortgage payments, a portion goes towards reducing the principal balance. This ...

Read More
A Drop in Equity Doesn't Mean Low Equity

A Drop in Equity Doesn't Mean Low Equity

A Drop in Equity Doesn’t Mean Low Equity You may see media coverage talking about a drop in homeowner equity. What’s important to understand is that equity is tied closely to home values. So, when home prices appreciate, you can expect ...

Read More
Equity Gains for Homeowners

Equity Gains for Homeowners

Equity Gains for Today’s Homeowners Today’s homeowners are sitting on significant equity, even as home price appreciation has eased recently. If you’re a homeowner, your net worth got a boost over the past few years ...

Read More
Home Ownership Builds Your Wealth Over Time

Home Ownership Builds Your Wealth Over Time

Some Highlights If you’re considering buying a home this year, be sure to factor in the long-term benefits of homeownership. On average, nationwide, home prices appreciated by 288.7% over the last 32 years. ...

Read More
Negative Home Equity Headlines

Negative Home Equity Headlines

Black Knight, Inc. recently reported that, “Of all homes purchased with a mortgage in 2022, 8% are now at least marginally underwater and nearly 40% have less than 10% equity stakes in their home, . . .”  Negative equity, or being ...

Read More