In a recent report on the U.S. housing market, it was revealed that homeowners collectively held an impressive $31.8 trillion in home equity in the year 2023. This figure represents a significant milestone, as it is double the aggregate value of home equity held by homeowners back in 2006.
Key points from the report include:
– U.S. homeowners’ total home equity reached an impressive $31.8 trillion in 2023
– This figure represents a doubling of the aggregate value since 2006
– The increase in home equity highlights the overall strength and growth of the housing market in recent years.
You can read this full article at: https://www.housingwire.com/articles/equity-surge-boosts-homeowner-net-worth-by-208k-john-burns/(subscription required)
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