Home Sweet Equity: America's $11.2 Trillion Piggy Bank Collects Dust
Key Points
- Americans have $11.2 trillion in untapped home equity, avera...
Ever wondered what $11.2 trillion looks like? Just peek into American homeowners' collective piggy bank of untapped home equity. That's right - we're all technically rich, just too scared to touch our own money!
The 'Look But Don't Touch' Syndrome
Recent data shows the average American homeowner is sitting on a cushy $319,000 in equity, with $207,000 of it ready for the taking. Yet most are treating this wealth like a rare museum artifact - admire from a distance, but don't you dare touch it!
The Great Rate Escape (Or Lack Thereof)
Remember those sweet 3% mortgage rates? Neither do we! W...
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