Homeowners Have Lost $1.5 Trillion in Equity Since May as Housing Market Continues Decline

CHRISsadowski / Getty Images The U.S. housing market giveth and the U.S. housing market taketh away — and lately, it has been taking away equity at blazing speed. Equity among mortgaged homes in the United States is now nearly $1.5 trillion off its May 2022 peak, according to the Black Knight Home Price Index, which…