Underwater homeowners gain breathing room as prices climb
Fewer properties are considered seriously underwater now that rising home prices have put homeowners with mortgages in a better position
by Daniel Houston Aug 9
US home equity levels rose in Q3
Equity-rich properties made up about 28.3% of mortgaged homes in the US during the third quarter, up from 26.7% the previous year, according to a new report by Attom Data Solutions
US homeowners far more likely to be equity-rich than underwater
Attom's 4th quarter US Home Equity & Underwater Report released Thursday also showed that only 1 in 16 mortgaged homes were seriously considered underwater
The share of underwater homes has sunk by 2.1%
The number has dropped from six million to 4.6 million since 2016
by Marian McPherson Nov 22