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The Importance of Home Equity to a Family

November 12, 2015 8:57 am

The Importance of Home Equity to a Family | Simplifying The MarketThere has been much written about how dramatically home values have increased over the last several years. With the increase in values, comes an increase in the equity each home owning family now has. The Joint Center of Housing Studies at Harvard University recently reported that, after taking inflation into account, aggregate home equity has increased 60% since 2010. And home equity is the major component of most family’s overall wealth.