Home Equity in America Hits Record $27.8 Trillion

A sign points toward an Open House in Alhambra, California, on May 4, 2022. The Fed announced its biggest interest rate hike in over twenty years as it deals with fast-rising prices in the U.S. economy. Frederic J. Brown/AFP via Getty Images

Total U.S. home equity has surged to a record $27.8 trillion, according to the Federal Reserve.

The Fed report showed an increase of nearly 20 percent in the first quarter of 2022, the Wall Street Journal reported.