How to Unlock the Equity in Your Home

Good news, homeowners: now may be a great time to unlock your home equity.

Home values have soared since the pandemic began. The national median existing-home price hit a record high of $363,300 in June, up from $294,400 a year ago, according to the National Association of Realtors. As a result, the average U.S. homeowner now has $153,000 in tappable equity, according to a May report from the mortgage data firm Black Knight.

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