March 14th, 2019

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Last year was a dang good year for many homeowners: according to a new report from CoreLogic, the average homeowners gained roughly $9700 in equity from Q4 2017 to Q4 2018. This is big news for lenders and loan officers (especially in the home equity loan market), who can educate homeowners on wise ways to utilize those gains to meet their families’ financial needs and goals. The western region of the US experienced the highest gains in home equity (for example, the average increase in Nevada was $29,400, and Hawaii saw average increases of $26,900), so if you’re an LO licensed in western states, now would be a great time to talk to your customers about the advantages of using home equity to achieve major life goals such as home improvements, college, retirement, etc.

Beau Vermillion