Many homeowners will remember the pain caused by The Great Recession years, not least the dramatic effect it often had on the home equity they had built-up.How great, then, to be able to report that home equity has been making a stunning comeback over the past few years of recovery.According to a recent national study by Corelogic, home equity more than doubled between June 2011 and June of this year.Measuring home values against mortgage debt, total home equity across the nation stood at $6.1 trillion in June of 2011. By the same month this year, it had risen to $12.7 trillion.What a fantastic turnaround in five years! Indeed the current level of home equity is not too far at all off the peaks we saw pre-recession, although we should take into account that mortgage debt has grown compa...
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