This is a YouTube video titled "🚨 Homeowners Gained 31% Equity 🚨" featuring Derek McGowan discussing recent housing market data from December 2021. He explains how the average homeowner gained 31% equity in their homes over the past year, equating to a $57,000 increase, highlighting the financial benefits of homeownership, especially for first-time buyers.
Quarter. Three housing reports just came out and they showed that the average homeowner across the country gained 31% in equity on their homes. Now that's about 19% in estimated value going up. And the other 12% is just amortization of them paying down their mortgage balance, paying into their own home instead of losing it to rent. Put that the dollar figure. The average homeowner gained 57 grand just the last 12 months. That's 4750 per month. Who wouldn't want a 4750 pay raise each month? And that's what we're helping do as we help first time home buyers buy their new home.
