Homeowners 62 and older saw their collective home equity levels drop in the fourth quarter of 2023 by roughly $119 billion to $12.84 trillion, the third quarterly fall in the last year.

This is according to the Reverse Mortgage Market Index (RMMI), a measure of senior-held home equity from the National Reverse Mortgage Lenders Association (NRMLA) and data analytics firm RiskSpan.

The RMMI fell to 449.02 in Q4, a slight decline from the Q3 level of 453.19. Senior home values fell from $15.28 trillion in Q3 to $15.18 trillion in Q4, which could have been driven by an increase in details ⇒

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