U.S. Homeowners Sitting on Enormous Untapped Equity, Residential Equity-Sharing Leader Unison Highlights in 2022 Home Equity Report

Date:

The report notes that U.S. households currently hold over $29 trillion in untapped equity and highlights how homeowners may want to consider putting their assets to use.

SAN FRANCISCO - December 15, 2022 - (Newswire.com)

For the second consecutive year, Unison, the pioneer in residential equity sharing agreements, has released its Home Equity Report. The 2022 report highlights a steep increase in home equity in the past year, with U.S. households today sitting on over $29 trillion worth of home equity, growing 19.5% from a year ago and 80% from five years ago. 

The data in the report shows significant regional variations in home equity values; however, all 50 states saw positive growth in median home equity. While Hawaii and California have the highest median home equity values, Utah and Delaware have seen the strongest growth. The report features multiple other geo-specific data sets, including the metros with the lowest equity values and weakest equity growth.

Home equity tends to increase with the years of homeownership. The report demonstrates that this increase coincides with many homeowners' growing financial needs — healthcare, for example, or home renovations. With the additional nebulousness of the current market, the solution is clear. Winfield Xu, Director of Data Science, comments, "Instead of keeping the wealth locked up in their properties, homeowners may want to examine the roles of their homes as an accessible source of liquidity."

You can read the full 2022 Home Equity Report here.

You can learn more about Unison and apply for an equity sharing agreement here

About Unison

Unison is a San Francisco and Omaha-based company that is pioneering a smarter, better way to own your home. Until now, the only way to finance a home was by taking on debt. Through residential equity-sharing agreements, we help homeowners access their equity flexibly with no monthly payments or interest. We enhance home affordability, reduce debt, and deliver a less risky way for homeowners, investors, and society to think about their most important asset — the home. As of 2022, Unison operates in 30 states and territories, including Washington, D.C., and has proudly helped over 10,000 households, with a combined home value of more than $6.4 billion. 

For additional information, visit www.unison.com or follow us on Facebook, Instagram, LinkedIn, Twitter and YouTube


Contact Information:
Helene Ton Anderson
VP of Marketing
[email protected]


Press Release Service by Newswire.com

Original Source: U.S. Homeowners Sitting on Enormous Untapped Equity, Residential Equity-Sharing Leader Unison Highlights in 2022 Home Equity Report

Related articles

Everybody Loves Languages Launches its First Product with Hollywood Movie-Based Learning Program AcadeMe

TORONTO, Feb. 1, 2023 /PRNewswire/ - Everybody Loves Languages Corp. ("ELL")  (TSX-V: ELL) (OTC: LMDCF) (FSE: LIMA), www.everybodyloveslanguages.com, an...

Black Health Matters Takes Atlanta with its Winter Health Summit & Expo

All-day forum is dedicated to "Celebrating the Resilience of Black Health"NEW YORK, Feb. 1, 2023 /PRNewswire/ -- For the...
00:00:42

Voice (LA VOZ) Judges: Luis Fonsi, Alejandra Guzman, Carlos Vives, Wisin on Gossip Stone TV

La Voz (Voice) is an American Spanish-languige singing competition television series broadcast on Telemundo. Ari Global discovers what...

Vision Films to Celebrate Historic Miss America Pageant Tradition With Release of the Documentary ‘American Royalty’

LOS ANGELES, Feb. 1, 2023 /PRNewswire/ -- Vision Films Inc. ("Vision") announces the US and Canadian VOD and...