Homeowner Equity Reached Record Level in Early 2022

Econ & Housing

Increasing home prices have pushed equity extraction and driven a remodeling boom Since 2012, home prices have risen continuously, providing borrowers with large amounts of home equity. At the end of the first quarter of 2022, the average borrower had $280,000 in home equity — this is a gain of $64,000 over the past year…

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