Navigating Today's Housing Market

The topic page covers the evolving dynamics of the U.S. housing market, focusing on the impact of mortgage rates, home prices, and rental costs. It explores how rising mortgage rates and home prices have made homeownership less affordable, driving many to rent instead. The content discusses the role of real estate investors, regulatory changes affecting real estate commissions, and the growing interest in alternative housing options like tiny homes. Additionally, it highlights regional variations in housing trends, the influence of economic factors such as inflation, and predictions for future market conditions. Guidance for prospective buyers and renters, including financial strategies and new legislation, is also provided.

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Home equity grew the most in these states in 2024, report says

New Jersey and other Northeastern states top the list

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Borrowers with mortgages gained more than $280 billion in home equity last year, but homeowners in some states were much better off due to changes in home values.

Homeowners with mortgages saw their home equity grow by an average of $4,100 in 2024 from 2023, an increase of around 1.7%, according to a report from property-data firm CoreLogic.

Still, the gains at the end of 2024 were smaller than the average home equity increase of $6,000 in the third quarter of 2023.

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2025