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

Econ & Housing

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…

Thanks for reading The LBM Daily.
Join LBM Daily Premium or log in to continue reading.
Login Join Now

Articles You May Like

Limited Time 15% Promo!
Lumber Futures – March 18, 2023
U.S. Builders Continue to Grapple with Increased Housing Market Uncertainty in 2023
Fierce competition for sales drops lumber prices further
Domain Timber Advisors to Lead Investment Management of U.S. Southeast and Pacific Northwest Timberland Portfolio
Stock futures are flat as investors await key Fed policy decision: Live updates