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U.S. homeowner equity grew by $425 billion in Q3 2024, but the growth rate slowed amid natural disaster impacts.
U.S. homeowner equity grew by $425 billion in the third quarter of 2024, reaching over $17.5 trillion, but the growth rate slowed to 2.5% annually, down from 8% the previous quarter.
Natural disasters in states like Hawaii led to significant equity losses.
The number of homes in negative equity increased by 30,000, affecting about 1 million homes, marking the first quarterly rise since late 2022.
4 months ago
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