06/06/2026
To EVERYONE WAITING FOR A MARKET CRASH:
The $34 trillion reason it won't…
Mortgage debt is at an all-time high.
If you're waiting on that to crash prices, I understand the instinct. But look at what sits underneath it.
U.S. homes are worth $48 trillion. Owners owe $14 trillion against them. That leaves $34 trillion in equity.
Put plainly: for every dollar of mortgage debt in this country, there's about $2.40 in equity behind it. (Federal Reserve)
Crashes don't come from high prices. They come from forced sellers, owners who can't afford to hold.
Two things make that rare right now:
Most owners have real equity, and roughly half locked a mortgage rate under 4%, so their payment isn't moving. Could a neighborhood soften? Sure.
But a 2008-style collapse isn't on the board.
P.S. If you're weighing a move, the smartest thing you can do is know where you actually stand before you decide anything.
If it’s been more than 6 months since you’ve received an updated home value report, reply to this post.
Cruz & Co. Team
