Housing Equity At All-Time High!
Much of America has recovered from the real estate crash such that home owners' equity hit an all-time high at the end of 2017. According to an analysis by Black Knight Data & Analytics, the 42 million Americans with a mortgage have about $5.5 trillion in liquid equity they can access. This is about $3 trillion more than borrowers had in 2012 before home prices began to recover. src: www.cnbc.com