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Home equity remained near historic highs to end 2023


Buoyed by a rise in home prices, U.S. homeowners with mortgages saw their home equity increase by 8.6% year over year in fourth-quarter 2023.

Homeowners saw an average increase of slightly more than $24,000 compared to Q4 2022, adding up to a collective gain of $1.3 trillion, according to CoreLogic’s newest homeowner equity report. Net homeowner equity totaled more than $16.6 billion at the end of 2023.

“Rising home prices continue to fuel growing home equity, which, at $298,000 per average borrower, remained near historic highs at the end of details ⇒

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