The August 2025 Mortgage Monitor report published by ICE Mortgage Technology recently reported that homeowners of all ages entered Q3 with a record $17.8 trillion in total tappable home equity.
Why it matters: Forty-eight million mortgage holders had tappable equity, with the average homeowner holding $213,000 in accessible value.
Yes, but: While equity levels remain high, the pace of home equity growth has slowed to its lowest rate in two years.
- This deceleration is largely attributable to declining home prices in key Sunbelt and Western markets.
- Cities like Austin (-38 percent) and Deltona, Fla. (-37 percent) have seen tappable equity per borrower fall by more than 25 percent from recent peaks.
- Nearly one-quarter of U.S. markets have experienced at least a five percent drop in tappable equity. Additionally, about one percent of mortgage holders – 564,000 borrowers – now owe more than their homes are worth.
