Rising home prices have contributed to improvements in home equity, the largest source of wealth for many Americans, according to CoreLogic’s Equity Report for the third quarter.
- Equity is the largest source of wealth for many Americans, and rising home prices are leading to improvements in this arena.
- The average loan-to-value ratio for all mortgaged homes is now 57 percent.
- Five widespread states together accounted for almost 30 percent of all negative equity in the country.
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