GAINING EQUITY

If the bubble and bust hadn't happened, where would prices be today?

If the bubble and bust hadn’t happened, where would prices be today?

The rise in home equity has been a beacon of hope for many home owners, after five years of declines and stagnation.

After hitting a low of $6.5 trillion in the final three months of 2011, American’s combined home equity jumped nearly $1.3 trillion during the next nine months to $7.71 trillion – a twenty percent increase – according to the “flow of funds” quarterly estimate released in December by the Federal Reserve.