Home Equity: A Source of Strength for Homeowners Today

11.14.2022 | Blog

Experts don’t expect a housing bust like the mid-2000s. Lending standards in this housing cycle have been much tighter. Homeowners have historically high levels of home equity, so there likely won’t be a surge in foreclosures. That’s good news for the housing market.


The volume of homeowners facing foreclosure today is very low. But, a small percentage of homeowners may be coming face to face with foreclosure as a possibility. There are alternatives available to help you avoid going through the foreclosure process. It’s worth seeing if you have enough equity in your home to sell it and protect your investment. If your home’s value is higher than what you owe on your loan, you may be able to use that increase to your advantage.


If you’re a homeowner facing hardship, lean on a real estate professional to explore your options and see if you can sell your house to avoid foreclosure.