Senior homeowner wealth hits new record high of $14.4 trillion

U.S. homeowners 62 and older saw their housing wealth grow by 4% in the second quarter of 2025 to a total of $14.39 trillion. That’s according to the latest quarterly report released Friday by the National Reverse Mortgage Lenders Association (NRMLA) in conjunction with data analytics firm RiskSpan.

The previous record for senior-held home equity was $14.18 trillion in Q2 2024.

The companies’ Reverse Mortgage Market Index (RMMI) rose from 486.69 in Q1 2025 to its highest level ever —502.47 — in Q2 2025. The index has tracked reverse mortgage market opportunity since 2000 by analyzing and reporting on trends in senior home values and home equity levels.

The increase in senior homeowners’ wealth was largely attributable to an estimated 2.9% (or $474.8 billion) increase in home values among this age group, offset by a 0.9% (or $23 billion) increase in mortgage debt.

“Inflation is still hitting the pocketbooks for many older Americans, especially when it comes to groceries and healthcare premiums,” NRMLA President Steve Irwin said in a statement. “Now may be an appropriate time to think about how home equity can be used strategically to help lessen the financial impact that these everyday costs are having.”

The most recent home equity data from ICE Mortgage Technology’s August 2025 Mortgage Monitor report shows total home equity reaching a record high heading into the third quarter, with about $17.8 trillion in aggregate equity and $11.6 trillion considered “tappable” while maintaining a 20% cushion.