CoreLogic: US homeowners sit on USD 11.5 trillion tappable equity as borrowing stays muted

• CoreLogic analysis shows U.S. mortgage borrowers held USD 17.9 trillion of equity this quarter, against roughly USD 14 trillion of mortgage debt.
• Total homeowner equity topped USD 34.9 trillion; average loan-to-value ratio stood near 44%; 2.1% of mortgages were underwater.
• Tappable equity reached USD 11.5 trillion, averaging USD 310,000 per mortgaged homeowner, up USD 6,000 from the prior quarter.
• Home equity borrowing rose 19.8% quarter over quarter to USD 93.7 billion in Q2 2026, still under 0.1% of tappable equity.
• Equity remained concentrated in the West and Northeast; Hawaii averaged USD 644,000, California USD 623,000, Louisiana USD 109,000.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. CoreLogic Inc. published the original content used to generate this news brief on September 14, 2026, and is solely responsible for the information contained therein.