Americans Nix Record House Equity!

Posted: July 16, 2018 | Source: www.bloomberg.com

American home owners have almost $6 trillion of equity in their homes but very few are borrowing any money. Experts think that confusion over recent tax changes and memories of the U.S. real estate crash are holding borrowers back. Home equity has more than doubled since 2011 to record levels, but only about $1 trillion more than 2005 at the peak of the real estate bubble.