In Q2 2024, US tappable equity reached a record $11.5 trillion, benefiting 90% of mortgage holders.
Tappable equity in the US hit a record high of $11.5 trillion in Q2 2024, with 90% of mortgage holders (48.5 million) having some equity. This increase in equity has mitigated overall market leverage, with total mortgage debt at 44.1% of underlying home values. The ICE Mortgage Monitor Report also revealed that 32 million homeowners have at least $100,000 in tappable equity, and 84% of underwater mortgages originated within the past 3.5 years.
August 05, 2024
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