Cotality: Home Equity Picture Mixed in Q2

Cotality, Irvine, Calif., released its Homeowner Equity Report for Q2, reporting that the average U.S. homeowner lost approximately $9,200 in equity over the past year.

ATTOM: Home Equity Dips Slightly in Q1

ATTOM, Irvine, Calif., released its Q1 Home Equity and Underwater Report, revealing that 46.2% of mortgaged residential properties were considered equity-rich in the first quarter.

Quote: July 26, 2023

“Home renovations and remodeling drove demand for home equity products in 2022, with roughly two-thirds of borrowers citing it as a reason for applying for a home equity loan.”
–Marina Walsh, CMB, MBA Vice President of Industry Analysis.