Are you a homeowner? Here's how much richer you are now
March 08, 2019 at 13:12 PM EST
Strong demand for housing last year kept home prices surging, and that means more homeowners are now sitting on more cash in the form of home equity. Collectively, homeowners with mortgages saw their equity increase by just more than 8 percent last year, according to CoreLogic. That is from a combination of home value gains and borrowers paying down their mortgages.