MARKET UPDATE: HOME VALUES HAVE GROWN BY 2.2%
Your Guide to the Housing & Mortgage Markets
Home prices have climbed 2.2% year-over-year from Q3 2024 to Q3 2025, according to the latest Home Price Index by the Federal Housing Finance Agency (FHFA). On a national basis, home prices have increased every quarter since 2012, while 76 of the top 100 largest metros saw a rise in home prices during the past year. Click here to see the data for your area.
1
WHAT DOES THIS MEAN FOR YOU?
The amount of equity you have in your home depends on your home value: Home Value MINUS Mortgage Balance = Home Equity.
- If You Don't Own a Home: Don't miss your chance to benefit. The growth in home prices is expected to continue because housing demand is likely to remain high and housing supply is likely to remain low.
- If You Do Own a Home: You may want to consider accessing your equity by selling your home or doing a "cash-out" refinance.
2
HOW DO YOU ACCESS YOUR HOME EQUITY?
There are three ways to access your home equity:
- Sell Your House: You could use the additional equity as a down payment to purchase a new house that may be more suitable for your current situation.
- Get a Home Equity Loan or Line of Credit: You could apply for a home equity loan or line of credit to borrow against the additional equity in your house.
- Refinance Your Mortgage: You could apply for a "cash-out refinance" to tap into the equity in your home and borrow against the additional equity you've built.