U.S. Tappable Equity Reaches Record $11 Trillion

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New data also shows a surge in home values on several Northeast cities, and Florida markets hitting pre-pandemic milestones

Home Economy

By Deborah Kearns

May 21, 2024

Reading Time: 2 mins read

U.S. Tappable Equity Reaches Record $11 Trillion

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.

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Deborah Kearns

Deborah Kearns is a freelance editor and writer with more than 15 years of experience covering real estate, mortgages and personal finance topics. Her work has appeared in The New York Times, Forbes Advisor, The Associated Press, MarketWatch, USA Today, MSN and HuffPost, among others. Deborah previously held editorial leadership and writing roles at NerdWallet, Bankrate, LendingTree and RE/MAX World Headquarters.