U.S. Tappable Equity Reaches Record $11 Trillion High

Rising interest rates might be sidelining would-be homebuyers, but the ongoing shortage of inventory on the market is keeping home prices elevated. That’s why U.S. homeowners now have a record $11 trillion in tappable equity as of March, according to the May ICE Mortgage Monitor Report. Home-price growth eased slightly in March by 5.6%, compared…

The post U.S. Tappable Equity Reaches Record $11 Trillion High appeared first on RISMedia.

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