In Q1 2026, owner-occupied real estate value reached a record $48.7 trillion, up $810 billion from the previous quarter and $1.2 trillion over the year. Mortgage debt hit an all-time high of $13.8 trillion, growing 2.8% annually but slower than recent years. Home equity rose to $34.9 trillion, or 71.6% of property value, providing a strong cushion against potential home price declines.