More Homeowners Regain Equity

Dated: 05/09/2017

Views: 75

Image title

1.4M More Homeowners Regain Equity


The number of U.S. properties considered "equity rich" has increased by nearly 1.4 million units from a year ago, according to the First Quarter 2017 U.S. Home Equity & Underwater Report produced by ATTOM Data Solutions. Now, more than 13.7 million homes—or about a quarter of all U.S. residential properties—fall within that category, which means the combined loan amount secured by the property is 50 percent or less than its estimated market price.


The report notes the following states had the highest share of equity-rich properties in the first quarter:


  1. Hawaii: 38.4%

  2. California: 35.8%

  3. New York: 34.6%

  4. Vermont: 32.8%

  5. Oregon: 31.3%


On a city level, the metros with populations of at least 500,000 that posted the highest share of equity-rich properties are:



  • San Jose, Calif.: 51.3%

  • San Francisco.: 46.6%

  • Honolulu: 39.9%

  • Los Angeles: 39.1%

  • Pittsburgh: 34.2%

  • San Diego: 33.6%

  • Portland, Ore.: 33.6%

  • Austin, Texas: 32.1%

  • Seattle: 32.1%

  • New York: 32%


Source: http://realtormag.realtor.org/daily-news/2017/05/08/14m-more-homeowners-regain-equity


www.RaulAcuna.com


#RaulAcunaRealtor #TeamRaulAcuna #RemaxTime #RealEstate #RealtorMag #Homeowners #Equity

Blog author image

Raul Acuna - CA BRE #01708572

Raul Acuña - Raul has been in the Real Estate Industry since 2005. Raul began working at an REO brokerage before opening his own REO company in 2010. Raul has a business degree from Cal Poly Pomona, ....

Want to Advertise on this Site?

Latest Blog Posts

Selling Or Buying A Home During Covid19

Many people are in a position where they need housing. If you find yourself needing to sell a home or buy a home in today’s Coronavirus environment, here are some guidelines and best practices.

Read More

Home Warranties What You Should Know

Sellers are starting to offer a one-year home warranty to cover repair costs for items such as Roof, HVAC, plumbing, appliances, pools, etc. The tactic, which is gaining popularity, is meant to

Read More

Covina Home Coming Soon

4008 N Orange Ave, Covina$450,0002 Bedrooms1 bathroom809 sq ft5,165 sq ft Lot1950 Yeart BuiltFor more info contact:Raul AcuñaAcuña & Co. Real Estate626-374-8479raul@acunaandco.comCA BRE

Read More

New Condo Rules Will Open More Doors For Buyers

NAR: New Condo Rules Will Open More Doors for BuyersThe association says changes to FHA financing qualifications will bring more entry-level homes to the market, helping to meet buyer demand.The

Read More