California Sees Rise In Home Equity

Californians See Rise in home equity

Homeowners across the Golden State are seeing the equity in their homes rise.  According to global property information company CoreLogic, the average homeowner in California has seen a $44,000  increase in their home equity during 2017.  That was the largest gain in any state in the nation. 

 Also, only three-percent of homeowners had negative home equity compared to nearly five-percent nationwide.  A lot of things can affect a home's value, from kitchen and bathroom makeovers to adding a room or remodeling the basement.

Photo: Getty Images

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