Some pretty amazing news from CoreLogic this week shows that the average American in the country had an equity gain of drum roll
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$55,300.
That's more than a lot of people making a year with their normal wage.
So that's a huge increase. That's why real estate's one of the number one wealth pullers in America is this equity buildup.
Now, if you happen to be on the west coast where I live, it's even greater. And in a lot of areas of the country, it's even greater. For instance, in Washington state, that number was $95,000. Where I live here in Oregon, it was $59,000. And if you happen to live in California, one of the highest equity gains in the country, $117,000 in equity gain. Now, what do we do with this information?
Well, one thing we can do is do a social media post or an email out to our entire database.
And here's what we might say:
"Hey, your home is better than average, right? The average homeowner gained $55,300 in equity last year. But your home is way better than average. Give me a quick direct message or text and I can give you a quick report on your equity position. No charge. And no, you don't have to list your house. (FYI Zillow is way off.)"
So that's a great post that you can get out to everybody and start to get some engagement going based on this huge equity game we've seen.
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