housing equity
Owned home value
Housing equity is the portion of a home's value that the owner actually owns, calculated by subtracting any outstanding mortgage balance from the property's current market value.
If your house is worth $400,000 and you owe $250,000, your housing equity is $150,000.
Homeowners often tap into this equity through home equity loans or lines of credit, using their property as collateral.
They're counting on their housing equity to fund retirement.
- home ownershipHolding title to residence
- housing affordabilityCost of obtaining residence
- property ladderProgressive home upgrading path
- rent controlHousing price regulation
- mortgageSecured home loan
redlining · inclusionary zoning · refinancing · second mortgage · market value · housing discrimination · zoning · property taxes · gentrification · wealth gap · zoning regulations · housing bubble · down payment · credit score · closing costs · public housing · fair housing · property appraisal
- Environmental Justiceenvironmental racism, environmental rights, environmental policy, climate justice, disparate impact
- housingapartments, home, houses, homes, apartment
- clergy compensationsalary, stipend, housing allowance, parsonage, rectory
- housing lawrent regulation, rent control, tenant rights, eviction, lease agreement
- public housingpublic housing, social housing, council housing, housing estates, housing project
- urban planningcity planning, zoning map, master plans, zones, zoning reform
housing equitynegative equity
Owing more than owned
underwater mortgage · home loan · encumbrance · lien · mortgage default