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The number of homes where the owner of the home has a majority of the equity is on the decline in Massachusetts.

Just over half of mortgaged homes in Massachusetts were deemed equity-rich in the second quarter of 2026, according to a new report from real estate data firm Attom. While the majority of mortgaged homes are equity-rich, the share is down from 53.2 percent in the first quarter and down from 58.2 percent year-over-year as homeowners tap the equity in their homes for a variety of projects, sometimes instead of selling. Even with the decline, Massachusetts has the 10th highest share of equity-rich homes across the nation.

The statewide dollar volume of home-equity loans and lines of credit was up 8 percent year-over-year through June 30, according to data from The Warren Group, publisher of Banker & Tradesman, and up 40 percent compared to the first six months of 2024.

The highest share of equity-rich homes in Massachusetts were in Dukes, Nantucket and Barnstable Counties, Attom’s data shows.

Attom’s data shows 41.1 percent of mortgaged residential properties across the United States were considered equity-rich in the second quarter of 2026, meaning homeowners owed no more than half of their property’s estimated market value. This is down from 43.3 percent in the first quarter of 2026 and a further decline from 47.4 percent in the second quarter of 2025.