Homeowners Earn $1.7 Trillion Equity Bonus

Picture 2

According to a new report by Zillow, homeowners in the United States earned a collective $1.7 trillion in additional  equity in 2014.

The gains came even despite the fact that home prices slowed down dramatically over the past year.

The report also noted that some homeowners tapped into the new equity already, nearly immediately taking out the money.

Image via flickr/Lending Memo

Continue to original source.