Home Values and Incomes Rise Faster then Household Debt, Studies Find

‘Overall, it’s very, very positive,’ Bankrate Financial Analyst Stephen Kates said.

A new report shows a dramatic increase in home equity in most states. Pla2na/Shutterstock

Americans are de-leveraging, with both home equity and income growing faster than debt levels, new studies show. 

An Aug. 13 report by Bankrate, a financial analytics firm, shows a dramatic increase in home equity in most states. West Virginia led the pack with an average increase of 450 percent since 2020, followed by Oklahoma (431 percent), Connecticut (297 percent), Kansas (234 percent), and Illinois (217 percent).