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| Sponsored by Quicken Loans |
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| Equity Stacked: Homeowner Wealth on the Rise |
| By Suzanne De Vita |
Homes in markets across the nation have regained value since the recession, affording homeowners the ability, once again, to accumulate wealth through equity—or become, as I like to call it, “equity stacked.” Two recent reports confirm the trend: one, from S&P/CoreLogic; the other by ATTOM Data Solutions, owner of RealtyTrac. Homeowner wealth, according to S&P, has more than doubled since 2011, expanding on a national scale to $12.7 trillion from $6.1 trillion, in tandem with the 40 percent boost in the value of single-family housing. For the Average Joe next door, $12.7 trillion breaks down to an average $11,000—or $30,000 if he lives in California, Oregon or Washington (West Coast…shocking!) ...
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