WATCH: Real Estate Update on home equity

(NBC News file photo)

INDIANAPOLIS (WTHR) - In this month's Real Estate Update, Greg Cooper with Berkshire Hathaway HomeServices Indiana Realty explains why people might be shocked to find out how much equity they currently have in their homes.

He also answers the following questions:

  1. Why do owners have such remarkable equity when Indiana traditionally only appreciates 2-3% per year?
  2. What does this mean for those who bought from '09 - '12 at the absolute bottom of the market or when it had just started to rebound and still have great equity in their homes?
  3. What other type of owners should be considering selling in 2019?
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