Home Equity in America Hits Record $27.8 Trillion

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
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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.
Hannah Ng
Hannah Ng
Reporter
Hannah Ng is a reporter covering U.S. and China news. She holds a master's degree in international and development economics from the University of Applied Science Berlin.
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