Are home prices still rising, and what does it mean for your equity?
Yes, but slowly. In the first Advisory Report from The Mortgage Advisory: the U.S. median existing-home price was $417,500 in September, up 1.3% from a year earlier, while Orange County and San Diego rose 5% to 6.5%. Homeowners now hold about $11.7 trillion in equity they could borrow against.
- $417,500Median existing-home price, U.S.
- $1.47MMedian single-family price, Orange County
- $11.7TTappable home equity

