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Home equity levels decline 0.7% year over year: CoreLogic

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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