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One of the best things about owning a home is building equity.
And it’s been a very good year for homeowners in this regard. A Zillow analysis found the housing market gained more value in 2020 than in any other year since 2005. “With home values and sales moving well, a lot of borrowers who didn’t have much equity in their homes before now have it,” says Ashley Massie, Consumer Loan Processing Supervisor at Telhio Credit Union.