Americans are flush with liquidity.
Home equity is at record levels and consumers are in their least levered situation in history. According to the February 2024 ICE Mortgage Monitor report, the average homeowner currently has about $299,000 in home equity, about $193,000 of which is tappable home equity.
The American consumer is so liquid right now that we could be in an economic growth cycle for the next decade Although predicting outcomes is difficult due to external factors.
In addition to home equity, bank accounts are record highs as are retirement saving.
To Recap:
Home equity is at record levels and consumers are in their least levered situation in history. According to the February 2024 ICE Mortgage Monitor report, the average homeowner currently has about $299,000 in home equity, about $193,000 of which is tappable home equity.
The American consumer is so liquid right now that we could be in an economic growth cycle for the next decade Although predicting outcomes is difficult due to external factors.
In addition to home equity, bank accounts are record highs as are retirement saving.
To Recap:
- $32T is a record amount of home equity
- $38T is a record for retirement accounts
- $5.5T is a record in personal savings
- Real (inflation adjusted) incomes are record levels excluding the Covid period.
Households; Owners' Equity in Real Estate, Level
Graph and download economic data for Households; Owners' Equity in Real Estate, Level (OEHRENWBSHNO) from Q4 1945 to Q4 2023 about net worth, balance sheet, nonprofit organizations, equity, real estate, Net, households, and USA.
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Households; Owners' Equity in Real Estate as a Percentage of Household Real Estate, Level
Graph and download economic data for Households; Owners' Equity in Real Estate as a Percentage of Household Real Estate, Level (HOEREPHRE) from Q4 1945 to Q4 2023 about equity, real estate, percent, households, and USA.
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