In the second quarter of 2024, the home equity gains across the United States were particularly noteworthy in states like Maine, California, and New Jersey. These states reported significant increases in home equity values, reflecting a strong housing market in those regions. On the other hand, states such as Texas, Oklahoma, and North Dakota experienced modest losses in home equity, suggesting varying levels of market stability and growth across the country.
Key points:
– Home equity gains in Q2 2024 were led by Maine, California, and New Jersey.
– Texas, Oklahoma, and North Dakota posted modest losses in home equity values.
– The housing market in states with significant gains may be experiencing robust growth and demand.
– States with losses in home equity may be facing challenges or slower growth in their housing markets.
– These trends in home equity values can have significant implications for homeowners, lenders, and the overall real estate industry.
You can read this full article at: https://www.housingwire.com/articles/average-homeowner-gained-another-25k-in-equity/(subscription required)
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