10 States Where Homeowners Lost a Ton of Equity This Year

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Millions of homeowners may be a little less house-rich than they were a year ago, according to a new report. Over the past year, the housing market has cooled from the torrid pace of home price gains that occurred during the pandemic. That means many of today’s homeowners have seen a modest drop in their home’s equity. As of the second quarter of 2023, the average U.S. homeowner lost about $8,300…

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