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HOME EQUITY IN SOUTH FLORIDA

 
Photo Credit: hydefoundation.org
Recent reports on the state of the local housing market have pointed out what those of us in the business have observed upclose: the rise in housing prices throughout the tri-county region has created equity wealth for thousands of homeowners. During the third quarter 2016, the number of South Florida homeowners who have at least 50% equity in their homes rose by more than 92,000, while the number of 'underwater mortgage homeowners' declined, as follows:
                                                                                        Quarter ended September 30,
                                                                        2016                                       2015
 
Number of Homeowners with
at least 50% home equity                      390,753                   ... more

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