The share of seriously underwater mortgages moved up slightly from 2.6% to 2.7% in Q1, according to a report from Attom released Thursday
Homeowner equity grew by 32.2% in the past year as the number of borrowers underwater on their mortgages fell to a new low. California, Hawaii and Washington led the way
Nearly 45% of homes in the country were considered equity rich, up from 41.9% in the fourth quarter. But the rising values are creating barriers for first-time buyers
During the second quarter of 2020, equity-rich properties outnumber seriously underwater properties 4 to 1, according to a report by Attom Data Solutions
An incoming tide raises all ships