Found 3 blog entries tagged as Home Equity.

Locked-In & Loaded: Homeowners Sitting on a Mountain of Equity

According to new numbers from FHFA and BatchService via ResiClub, the national average loan-to-value ratio (LTV) sits at just 62.2%. That means the typical homeowner today owns nearly 40% of their home outright — a powerful financial position. 

For reference: If a home is worth $400,000, and the mortgage balance is $320,000, the LTV is 80% (20% equity). A lower LTV = stronger footing. Nationally, that figure has plummeted, with some states far below average.

Ralph’s Take

This aligns perfectly with what we’re seeing in Westchester. Many sellers aren’t under pressure — they’ve built up significant equity and are comfortably locked into ultra-low…

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Visual of the Week 

Since 2004, home values in Westchester County have seen substantial growth. If you’re a homeowner wondering if it even makes sense to move this year, you could have enough equity to buy your next home outright.

Find out your home’s equity position. Contact us today!

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What is My Home Worth? Part 2

Accurately pricing a home is both an art and a science, and it's something I've honed over the years. Today, I'm sharing the second part of my three-part series on how I price a home for the market.

2. Gathering Comparable Sales Data

Comparable sales data is essential for accurately pricing a home because it reflects the current market conditions. We evaluate comparable properties in three key categories: Sold, Pending, and Active listings. For each category, we analyze the following data:

  • Average Price: For Sold, Pending, and Active listings.

  • List-to-Sold Price Ratio: Indicates market dynamics.

  • Days on Market: Reflects demand levels.

  • Number of Price…

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