Corcoran Urban Real Estate
 

Rising Home Prices Boost Equity

Rising Home Prices Boost Equity While the real estate market has achieved the highs of 2006, many Americans are feeling more comfortable as 2015 comes to a close with home prices recovering and improving their equity positions.

By the end of the third quarter of 2015, American's home equity grew by a collective $1.3 trillion to a total of $12.4 trillion. That's high, but not as high as the dizzying $13.3 trillion it hit in 2006.

While all real estate is definitely local and some markets are performing better than others, Americans are definitely feeling better about the value of their biggest asset these days.

Read more at the Chicago Tribune here.