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Home equity - falls below 50%
          Home equity - falls below 50%
                                           
       Just what we needed.  More bad news when most homeowners are struggling to keep up paying on their mortgages. Now this. For the first time on record since 1945,homeowners percentage of equity in their homes has fallen below 50%. After saying just this,I don't even know if I should even say more. But maybe reading this,some homeowners might want to put their homes on the market hoping to at least get something out of the selling their home before it is too late. And with spring approaching soon and more home buyers looking to buy a home,this would be a great time for home owners to put their house on the market who have been hesitant to sell but was not sure whether they should or not. Homeowners will make up on the buying side what they are not going to get on the selling side. 
       In the second quarter of 2008,homeowners percentage of equity slipped to lower than 49.6%. It declined even further to 47.9% - the third straight quarter it was under 50%. This marks the first time that debt have exceeded equity since the Fed starting tracking data in 1945. This of course is ... more

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