The pandemic brought historically low inventory and sky-high home prices, but it also brought good news for homeowners, making them equity rich, as many owe far less than what their homes are worth.
The post Home values hit new highs as pandemic leaves many homeowners equity rich appeared first on Atlanta Agent Magazine.
The rise in equity could help stave off foreclosures because homeowners can tap into that equity and sell their home, unlike during the 2008 financial crisis when many homeowners found themselves underwater in their mortgage, according to CoreLogic.
The post CoreLogic: Georgia homes average $24K annual equity gain appeared first on Atlanta Agent Magazine.