Homeowners Are Sitting on $34.7 Trillion in Equity-but Mortgage Debt Is Growing
Briefly

At the end of 2024, U.S. home equity rose to $34.7 trillion, the third-highest on record, amidst a housing market valued at $48.1 trillion. This increase of over $3 trillion in home equity provides a financial cushion for homeowners against economic uncertainties and high mortgage rates. Although the total value of owner-occupied real estate saw a slight decrease of $400 billion from the previous quarter, it still reflects considerable growth over the past decade, illustrating the resilience and recovery of the housing market.
Even if homes were to shed 10% of their value overnight, equity would still be at a respectable 69.5%, highlighting the cushion for homeowners.
The total value of owner-occupied real estate reached $48.1 trillion, underscoring the resilience of the housing market despite economic uncertainties.
Mortgage debt has climbed to a record high of $13.3 trillion, reflecting a notable increase contrasted with growing home equity.
Home equity rose by more than $3 trillion in 2024, reaching $34.7 trillion, providing significant relief for homeowners in a volatile market.
Read at SFGATE
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