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If you own a home, your net worth has probably gone up a lot over the past year. Bend home prices have been rising, which means you're building equity much faster than you might think. Here's how it works.
Equity is the current value of your home minus what you owe on the loan.
Over the past year, there have still been more people wanting to buy than there are homes available for sale, and that's pushed prices up. That rise in prices has translated directly into increasing equity for homeowners.
According to the latest Homeowner Equity Insights from CoreLogic, the average homeowner's equity has g...
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