Soaring Home Values Could Keep Americans Afloat As Savings Dry up
Americans are burning through savings they piled up during the pandemic - but total home equity is the highest in 35 years and could provide a boost.
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Americans are burning through savings they piled up during the pandemic - but total home equity is the highest in 35 years and could provide a boost.
The average mortgage holder had nearly $200,000 in home equity in June, representing a $14,000 gain from the first quarter, according to Black Knight.
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The average mortgage holder had nearly $200,000 in home equity in June, representing a $14,000 gain from the first quarter, according to Black Knight.
The CPI rose less than expected on a year-over-year basis.