Home equity levels have been on the decline over the last year, new data shows. Homeowners with mortgage loans saw their home equity levels decline by an average of 0.7% between the Q1 2022 and Q1 2023, the first decline recorded since early 2012, according to CoreLogic’s Homeowner Equity Report (HER).

Homes with mortgages account for roughly 63% of all U.S. properties.

The 0.7% reduction in home equity results in a collective loss of about $108.4 billion, according to the report, and the average equity loss per homeowner since details ⇒

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