The $1.5 trillion gain in U.S. home equity over the past year brought total net equity to more than $17 trillion at the end of Q1 2024.
Higher prices have lifted 190,000 homeowners out of negative equity, with only about 1.8% of those with mortgages underwater.
Negative equity decreased by 2.1% in Q1 2024, affecting 1 million homes nationwide, showcasing the impact of fluctuating home prices.
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