10 States Where Homeowners Lost a Ton of Equity This Year

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 Unlock the harsh realities hitting homeowners’ wallets in these states (and Washington, D.C.). Prostock-studio / Shutterstock.com

Millions of homeowners may be a little less house-rich than they were a year ago, according to a new report. Over the past year, the housing market has cooled from the torrid pace of home price gains that occurred during the pandemic. That means many of today’s homeowners have seen a modest drop in their home’s equity. As of the second quarter of 2023, the average U.S. homeowner lost about $8,300…

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