Chicagoans’ home equity gains were slim in 2019 – Crain’s

On average, homeowners gained $1,400 in home equity during the year, according to a report from CoreLogic. Among the 10 big cities in the study, the next-smallest average gains were nearly four times that. Shallow growth in home equity helps explain why the inventory of homes for sale is super-tight: potential sellers may not have enough equity in the house to fund a move up to a more expensive home.

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