Homeowners who profit on their properties are more likely to overpay for their next because they are emboldened by their gains, according to a recent study.Data show that those who acquired around $100,000 in equity on their home were likely to overpay around $12,000 on their next.An increase in home equity - the market value of a homeowner's share in their property - can occur as owners pay off their mortgages, but also as the value of their home increases.
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