General World News

Homeowners sitting on a pile of cash with $17T in home equity: CoreLogic

Home equity continued to rise in the first quarter of 2024 as residential properties with mortgages collectively gained $1.5 trillion in equity over the past year, according to a CoreLogic report released Friday.

The average U.S. homeowner with a mortgage added $28,000 in equity during the year ending in March 2024 — the highest year-over-year increase since late 2022. Three states — California (+$64,000), Massachusetts (+$61,000) and New Jersey (+$59,000) — saw increases that were more than double the national average.

The $1.5 trillion gain in U.S. home equity over the past year brought total net equity details ⇒

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