Home Equity Could Reach All-time High in 2018
If you’re a homeowner or investor, I’ve got good news about the new year: 2018 could see home equity value reach an all-time high in the United States this year.
Even if it doesn’t, homeowners are already sitting on trillions in cash. The amount of home equity borrowers now have at their disposal reached an all-time high in the third quarter of 2017: $5.5 trillion in tappable equity, according to industry watcher Black Knight Data & Analytics. That’s a gain of $3 trillion in just five years.