According to the Dallas Morning News, a recent report from CoreLogic shows that Texans on average gained about $7,000 in home equity in 2018 which is less than the $9000 they netted in 2017 and also under the national average of $9700. "As home prices rise, significantly more people are choosing to remodel, repair or upgrade their existing homes," said Frank Martell, president and CEO of CoreLogic. "The increase in home equity over the past several years provides homeowners with the means to finance home remodels and repairs.

"With rates still ultra-low by historical standards, home-equity loans provide a low-cost method to finance home-improvement spending," he said. "These expenditures are expected to rise 5 percent in 2019." Looking at major U.S. markets, CoreLogic said the biggest increases in home equity in 2018 were in Nevada where homeowners gained an average of approximately $29,400, and Hawaii, where homeowners gained $26,900.

Idaho homeowners saw an average equity increase of $24,700. And California owners on average gained $19,600 in home equity last year.Those states have seen some of the biggest gains in home prices over the last two years.

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