The last time average homeowner equity fell year-over-year was in the first quarter of 2012, when the housing market was still regaining its footing after the mortgage meltdown and ensuing foreclosure crisis that helped trigger the Great Recession.
All told, U.S. homeowners with a mortgage lost a combined $108.4 billion in home equity between the first quarter of last year and the first three months of 2023, a drop of 0.7%, according to CoreLogic.
To continue reading the rest of the article, please click on the source link below:
https://www.washingtonpost.com/business/2023/06/15/home-equity-home-values-real-estate-housing-market/b57fb536-0b75-11ee-8132-a84600f3bb9b_story.html
© 2010-19 FORECLOSURE FRAUD | by DinSFLA. All rights reserved.