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Nationwide, borrower equity increased by $281.9 billion up 1.7% from the previous year.
Median home prices have surged more than 50% since December 2019, before the COVID-19 pandemic.
That goes a long way toward explaining why so many borrowers have seen their equity push much higher.
But not all parts of the country have taken part in this bonanza equally.
As CoreLogic noted, there are clear regional divisions for equity gains.
Northeastern states have seen the biggest rises in home equity.
States with the biggest declines in equity tend to be concentrated in the Southeast.
Year-over-year, negative equity climbed by 7%, or 1.8% of all mortgage properties.
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