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Where homeowners have gained the most equity since 2019
Mid-sized Southern metros led U.S. home equity gains with 16 of 22 markets rising over 80%, driven by migration, affordability, and remote work trends, analysis shows.
- Splitero's analysis shows Atlantic City–Hammonton led with a 97.8% home value increase, with 16 of 22 metro areas surpassing 80%.
- Fueled by pandemic-era migration, remote-work flexibility and affordable starting prices, Realtor.com reports 46% of clients moved to Southern metros in 2024 versus 25% to the West.
- Percentages show Knoxville, Tennessee at 95.2%, Athens, Georgia 92.9%, and Hilton Head Island, South Carolina 90.7%, while Atlantic City–Hammonton, New Jersey gained roughly $215,000 in homeowner equity.
- Homeowners with big equity cushions can use funds for renovations or to eliminate high-interest debt, while wage growth lags, deepening affordability concerns for policymakers and homeowners in top-performing metros.
- Local headwinds in certain metros include California and San Francisco Bay Area posting modest gains with little new equity, while Lake Charles grew just 23.3% according to U-Haul rankings in 2024.
Insights by Ground AI
37 Articles
37 Articles
Coverage Details
Total News Sources37
Leaning Left1Leaning Right0Center32Last UpdatedBias Distribution97% Center
Bias Distribution
- 97% of the sources are Center
97% Center
C 97%
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