Home equity lending remains miles away from returning to growth mode, despite anecdotal evidence of a comeback and rising real estate prices that are fortifying loans already on the books.

Even though homeowners’ equity positions have climbed to the highest level in four years, home equity lending contracted by an annualized $90 billion in the third quarter, or roughly the same pace that has prevailed since portfolios began deflating in earnest in 2009. (The following graphic shows data on homeowner’s equity, lending volume and market share in separate tabs. Interactive controls are described in the captions. Text continues below.)

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