The real estate market is on just about everyone’s mind these days. That’s because the unsustainable market of the past two years is behind us, and the difference is being felt.

As of the second quarter of 2022, U.S. households own $41 trillion in owner-occupied real estate, with just over $12 trillion in debt, and the remaining $29 trillion in equity. The national “LTV” – Loan to Value Ration stands at 29.5% – the lowest since 1983.

Why is this important?  While inflation and higher interest rates are having a chilling effect on the current real estate market, the strong home equity position of many homeowners suggest that a housing crash is not imminent.  This was not the case back in 2008, when many owed more on their homes than they were worth.

What is My Home Worth Today?

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