High mortgage rates and looming economic uncertainty caused trillions in equity to evaporate from the housing market in the third quarter of 2022, according to Black Knight’s mortgage monitor report. And while additional declines are expected to be on the horizon, the good news is that the country’s housing equity position is still strong compared to the start of the pandemic. 

About $1.3 trillion in recently added equity vanished from the housing market during the third quarter, according to the report — the largest quarterly dollar decline on record. Equity among mortgaged homes dropped by about $1.5 details ⇒

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