Pro Take: Americans’ Home Equity Surges to Over $35 Trillion

The Wall Street Journal, Oct. 22, 2024-Bob Fernandez
Americans are sitting on more than $35 trillion in home equity after a 75% surge since early 2020 thanks to booming home prices. Homeowners often get itchy fingers to tap the equity like a personal ATM, and a rush to do so could pose an inflation risk for the Federal Reserve considering the massive pileup in value. But many homeowners today are reluctant to use it as a source of cash.
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