“Home Equity Continues To Soar,” Advisor Magazine

“CoreLogic^® (NYSE: CLGX), a leading global property information, analytics and data-enabled solutions provider, today released the Home Equity Report for the fourth quarter of 2020. The report shows U.S. homeowners with mortgages (which account for roughly 62% of all properties) have seen their equity increase by 16.2% year over year, representing a collective equity gain of over $1.5 trillion, and an average gain of $26,300 per homeowner, since the fourth quarter of 2019.”

 

 

LTC Comment, Stephen A. Moses, President, Center for Long-Term Care Reform:

This is a rare bit of good economic news, as home equity will be the main resource middle class people have to fund long-term care when the bottom falls out of Medicaid, Medicare and Social Security by 2031.