Market Watch
FREE PREVIEW
|
LOGIN OR SUBSCRIBE NOW TO READ THIS ARTICLE
|
Home equity enjoying resurgence across the country
|
RealtyTrac’s newly released U.S. Home Equity & Underwater Report for the first quarter of 2014 shows there is both good and bad news for homeowners across the country. The report’s data, which provides counts of residential properties based on several categories of equity — or loan to value (LTV) — at the state, metro and county level, indicates that while millions of homeowners are still seriously underwater, the equity trend is moving in a positive direction for most of the country.
The bad news is that there were 9.1 million U.S. properties seriously underwater — where the combined loan amount secured by the property was at least 25 percent higher than the property’s estimated market value —in the first quarter of this year. This demographic made up 17 percent of all residences.
TO READ THE FULL STORY
|
|
Already a subscriber?
Problems logging in?
Please call 330-659-6101 x 805 or email us for assistance.
|
|
Today's other top stories