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June 20, 2023

Shedding equity: Housing slowdown leads to first annual drop in US homeowner equity since 2012

  • Washington, California and Utah saw the largest average home equity decline.
    • By ALEX VEIGA
    AP Business Writer

    iStock image
    Average homeowner equity per borrower was $274,070 in the first quarter, down 1.9% from the same quarter last year, according to real estate data tracker CoreLogic.

    LOS ANGELES — For the first time in more than a decade, the average U.S. homeowner with a mortgage has less home equity than they did a year earlier.


     
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