home worth: 1 in 4 Homes In America Are “Equity Rich” - 11/29/18 09:43 AM
When the housing bubble burst, many Americans found themselves underwater or, in other words, with a home worth significantly less than what they owed on their mortgages.
But according to recent data, more and more Americans are finding themselves in the opposite situation—with a home worth far more than what they owe on their mortgage.
According to the most recent Equity Report from ATTOM Data Solutions, which curates a well-known nationwide property database, as of Q2 2018, nearly 14 million properties in the US are now what’s known as “equity rich”—meaning the balance of loans on the property is worth 50% or less than the … (2 comments)

 
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Mullen Real Estate Team

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