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Homeowner equity peaked at $11.7 trillion collectively last May, after home prices jumped 45% since the start of the pandemic.In September, home prices fell on a month-to-month basis for the third month in a row.Since July, the median home price has dropped by $11,560. The historic run-up in home prices during the first two years of the pandemic gave homeowners record amounts of new home equity. Since May, however, about $1.5 trillion of that has vanished, according to Black Knight, a mortgage software and analytics company. The average borrower has lost $30,000 in equity. Homeowner equity peaked at $17.6 trillion collectively last May, after home prices jumped 45% since the start Continue Reading about How much equity U.S. homeowners have lost since May