2022 Housing Market: Idaho Homeowners Lose Equity, Florida Homeowners Gain.

While the ongoing housing slump has seen national home prices come down a bit from the peaks hit during the Pandemic Housing Boom, most homeowners are still up big-time. Among the 46 states tracked by CoreLogic, 42 states saw average home equity levels rise between the fourth quarter of 2021 and the fourth quarter of 2022. Only California, Idaho, Utah, and Washington saw average equity levels fall between that year-over-year period. The average homeowner in Florida saw the biggest gain, with average equity rising $49,032 between the fourth quarter of 2021 and the fourth quarter of 2022. Meanwhile, the average homeowner in Idaho saw the biggest decline, with average equity falling $21,352 during that period.