Today they own more than $2.5 trillion (in constant dollars). ... In 1952, homeowners maintained just over 80 percent of the value of their homes in equity — the remainder financed by mortgage debt.
Home equity shares have sharply declined since, falling to a record low of 50.4 percent during the latest period for which data are available.
This share varies widely across households. Roughly one-third of all owner-occupied houses have 100 percent equity (i.e., are owned “free and clear”).
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However, a decline in the share of a home’s value that is financed by equity does not mean that household equity has fallen.
Read more at aier.org.



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