Home Equity Grew This Year, Breaking Six-Year Records

Wood tiles with the letters spelling Equity.

Wood tiles with the letters spelling Equity.

The housing market has remained a strong pillar in an otherwise tumultuous economic year. A sharp rise in demand, spurred by record-low interest rates, continues to bolster homeowner equity. The equity growth was due to a surge in home prices during the summer and fall, as homebuyers emerged from the pandemic lockdown and competed for a low supply of homes on the market.