Home Equity has Doubled in Seven Years for Americans. But How Do You Get at the Money?
USA Today, July 16, 2024–Daniel de Visé
Homes are the nation’s piggy bank. And they are worth a collective $32.8 trillion, as of early 2024, according to federal data. That’s up from $15.6 trillion in the first quarter of 2017.
The figure represents the nation’s collective home equity: How much all the homes are worth, minus mortgage debt. And it stands at a record high.
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