Home equity increased nationally by $281.9 billion in the fourth quarter of 2024, an increase of 1.7% year over year, according to the latest CoreLogic Homeowner Equity Report (HER), released Thursday. But the report also noted rising negative equity in some sunbelt states, along with Oregon and Washington, D.C.

The report shows that U.S. homeowners with mortgages — roughly 61% of all properties — saw home equity increase by about $4,100 between Q4 2023 and Q4 2024, about $2,000 shy of the gain of $6,000 seen in Q3 2023.

The average borrower had $303,000 in home equity at the end details ⇒

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