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Here's how much equity U.S. homeowners have lost since May

Por: CNBC Business November 08, 2022

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A home awaits sale at a reduced asking price in Glendale, California.David McNew Getty ImagesThe historic run-up in home prices during the first two years of the pandemic gave homeowners record amounts of new home equity.Since May, however, about $1.5 trillion of that has vanished, according to Black Knight, a mortgage software and analytics company. The average borrower has lost $30,000 in equity.Homeowner equity peaked at $17.6 trillion... + full article



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