In the first quarter of 2024, nationwide equity on mortgaged homes reached a historic high of $16.9 trillion, providing homeowners with a substantial amount of wealth that can be leveraged for various purposes. This significant increase in home equity underscores the ongoing strength of the housing market and the financial well-being of homeowners across the country.
Key points:
– Nationwide equity on mortgaged homes reached a record high of $16.9 trillion in the first quarter of 2024
– Homeowners have access to $11 trillion in available equity for leveraging
– The surge in home equity reflects the robust growth and stability of the housing market
– This trend bodes well for homeowners looking to tap into their home equity for investments, renovations, or debt consolidation opportunities.
You can read this full article at: https://www.housingwire.com/articles/us-mortgage-holders-post-record-levels-of-home-equity-ice/(subscription required)
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