Here’s how much equity U.S. homeowners have lost since May

Econ & Housing

A home awaits sale at a reduced asking price in Glendale, California.David McNew | Getty ImagesThe historic run-up in home prices during the first two years of the pandemic gave homeowners record amounts of new home equity.Since May, however, about $1.5 trillion of that has vanished, according to Black Knight, a mortgage software and analytics…

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