Did Your Charlotte Area Home Become "Equity Rich" In 2018? (Video)

Real Estate Agent with Coldwell Banker Residential Brokerage


More Homes Gained Equity in 2018 


One of the primary advantages of investing in the purchase of a home is to grow your personal wealth through home value appreciation -- in other words increasing the equity in your home. Equity is the difference between the fair market value of your property and the amount you owe your lender. Building equity is a great way to build passive wealth long term. Unless you are living somewhere rent-free, you are paying a mortgage – either yours or your landlord’s. Buying your own home provides you with a form of ‘forced savings’ that contributes to growth in personal wealth.


A recent study by ATTOM Data Solutions  showed that as of the third quarter 2018, nationwide, more homes were considered equity rich than ever before. To be considered "equity rich," the combined estimated amount of loans secured by a property should be 50% or less of a property’s estimated market value. In this regard:

  • Approximately 14.5 million  properties in the United States were home equity rich. That represents an increase of over 433,000 homes gaining equity from this time last year. 

  • These 14.5 million “equity rich” homes account for over 25% of all properties with a mortgage.


Clearly, one of the reasons that Charlotte area homes grew equity in 2018 stems from the increase in property values/prices. Another reason is that many homeowners are not cashing in on their equity but leaving it intact.



% Of Equity-Rich Households In Charlotte Region As Of 2018 Third Quarter*

  • South Charlotte - 28210 Zip Code: 29.*%
  • South Charlotte - 28226 Zip Code:   29.9%
  • Southwest Charlotte - 28278 Zip Code: 13.4%
  • Southwest Charlotte - 28273 Zip Code: 14.7%
  • Ballantyne - 28277 Zip Code: 20.2%
  • Indian Trail - 28079 Zip Code: 15.8%
  • Waxhaw - 28173 Zip Code: 15.9%
  • Belmont - 28012 Zip Code: 19.2%
  • Monroe - 28110 Zip Code: 19.4%
  • Gastonia - 28056 Zip Code: 18.3%
  • Gastonia - 28052 Zip Code: 17.2%
  • Concord: 18%
  • Cornelius: 19.5%
  • East Charlotte/Mint Hill - 28227 Zip Code: 23.5%
  • Matthews - 28105 Zip Code: 24.3%
  • Matthews - 28104 Zip Code: 19.1%
  • Pineville: 16.9%
  • Fort Mill - 29715 Zip Code: 16.5%
  • Fort Mill/Tega Cay - 29708 Zip Code: 15.2%
  • Clover: 16.6%
  • Lancaster - 29720 Zip Code: 19.3%
  • Indian Land - 29707 Zip Code: 16.5%
  • York: 19.6%
  • Rock Hill: 17.5%

    *Statistics from ATTOM Data Solutions.



Why 2018 Was A Good Year For Home Equity {Video}

As the video below shows, regardless of when you purchased your home, more than likely you're probably  in a positive home equity position.





What's Ahead In 2019 For Home Value Appreciation

It's likely that home appreciation will slow in the final months of 2018 and not grow quite as quickly in 2019, but no one is predicting home values to drop to the degree they did during the recent "great recession," when many homes lost 30-50% of their equity. So equity should continue to grow, albeit a bit more slowly.


Wondering How Much EquityYour Charlotte Area Home Has?

Contact Nina Hollander with Coldwell Banker today!



Originally published at: https://greathomesincharlotte.com/housing-market-reports-updates/charlotte-area-homeowners-equity-rich-in-2018/ 

Posted by




 Nina Hollander, RE/MAX Broker, Realtor







Nina Hollander

Broker, Realtor, MBA, GRI, ABR, SRES, CDPE, SFR, SPS, CMRS
Carolinas Realty Partners with Coldwell Banker Residential Brokerage
Direct: 704-779-0813
Website: www.GreatHomesInCharlotte.com
Blog: News You Can Use From Charlotte/Ballantyne/Waxhaw/Fort Mill
Search For All Charlotte Area Homes: www.GreatHomesInCharlotte.com 

2007 - 2019 Charlotte Magazine 5-Star Customer Satisfaction Award Winner


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Disclaimer:  Nothing in this blog article is to be construed as legal advice, tax advice, or financial advice.  For legal advice see an attorney.   For tax advice or financial advice see a tax attorney, certified public accountant, or other qualified professional.



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Ron and Alexandra Seigel
Napa Consultants - Carpinteria, CA
Luxury Real Estate Branding, Marketing & Strategy


The whole concept of equity is a good one.  Many make the mistake of dipping into their equity by taking out a loan without realizing that when the economic conditions change, their equity may go down the proverbial hatch.   We saw that happen to friends who were upside down in their value...Luckily their earning power remained strong  A

Dec 29, 2018 01:08 PM #1
Nina Hollander
Coldwell Banker Residential Brokerage - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Ron and Alexandra Seigel hi Alexandra... I had a client who borrowed against her equity and when the market went sideways was underwater and we had to short sale her. That is the crux of the matter... to not spend your equity. But the good news these days is that many people who were still somewhat under water even four years ago, now have equity and can sell their homes if they need to.

Dec 29, 2018 03:41 PM #2
George Souto
George Souto NMLS #65149 FHA, CHFA, VA Mortgages - Middletown, CT
Your Connecticut Mortgage Expert

Nina we are finally starting to see equity in homes here in CT again.  Maybe we will see the big gains you guys are seeing in the near future.

Dec 29, 2018 04:42 PM #3
Gabe Sanders
Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales - Stuart, FL
Stuart Florida Real Estate

Good morning Nina.  This is excellent information for all Charlotte homeowners.

Dec 30, 2018 05:39 AM #4
Nina Hollander
Coldwell Banker Residential Brokerage - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

George Souto good morning, George... Connecticut will get there eventually, maybe more slowly, but everything cycles, as you know.

Dec 30, 2018 05:44 AM #5
Nina Hollander
Coldwell Banker Residential Brokerage - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Gabe Sanders thanks, Gabe... I'm often amazed by how many people still think our prices and market are depressed.

Dec 30, 2018 05:45 AM #6
Brian England
Arizona Focus Realty - Gilbert, AZ
MBA, GRI, REALTOR® Real Estate in East Valley AZ

People certainly will not gain any equity by renting, so it is hard for me to understand why so many people are perfectly happy throwing their rental money down the drain.

Dec 30, 2018 05:45 AM #7
Nina Hollander
Coldwell Banker Residential Brokerage - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Brian England hi Brian... obviously there are some people who simply can't qualify to buy and others in a situation where their residence in one plays is short-term so it makes sense to rent. As for the rest... no reason to keep paying a landlord's mortgage instead of your own!

Dec 30, 2018 06:37 AM #8
Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

Nina, this is a great post, and many homeowners have seen a huge increase in their equity, as long as they did not refinance and pull money out.

Dec 30, 2018 06:54 AM #9
Patricia Feager, MBA, CRS, GRI,MRP
Selling Homes Changing Lives

Nina Hollander - There needs to be more information spread out to all consumers about the premise and success of Home Equity. You did an excellent job conveying that message. 

Dec 30, 2018 07:17 AM #10
Nina Hollander
Coldwell Banker Residential Brokerage - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Patricia Feager, MBA, CRS, GRI,MRP thanks, Patricia... regardless of whose numbrs you use, it's very clear that homeowners enjoy a wealth factor that is multiples over those who rent.

Dec 30, 2018 07:26 AM #11
Nina Hollander
Coldwell Banker Residential Brokerage - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Joan Cox thanks, Joan. That's always the trick, isn't it, to not pull out one's equity. Too many people did that in the past and got caught upside down when the market went sideways

Dec 30, 2018 07:27 AM #12
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