The big gains in home values over the last two years are starting to slow down, but U.S. homeowners are still reaping the rewards. As prices continue to rise, so too does the amount of home equity available for homeowners to tap; and it has now reached a record sum.

U.S. homeowners were sitting on over $6 trillion worth of collective tappable home equity at the end of June, according to Black Knight. Tappable equity is the amount most lenders will allow borrowers to cash out, while still keeping 20 percent equity in the home.

Borrowers gained $636 billion in the first half of 2018, pushing the total amount to nearly three times as much equity as there was at the housing market’s bottom in 2012. It is also 21 percent more than there was at the pre-crisis peak in 2006.

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