American homeowners have never enjoyed more home equity.
The average homeowner now has $299,000 in equity, $193,000 of which is tappable while still maintaining a 20% equity stake.
Mortgage holders gained $1.6 trillion of equity in 2023, reaching a combined $16 trillion in the U.S., the highest year-end total on record, according to Intercontinental Exchange’s February Mortgage Monitor Report.
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https://www.ocregister.com/2024/03/29/housing-market-malaise-hasnt-cut-options-for-equity-rich-homeowners/
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