Almost no equity for homes bought at bubble height

no equityrealtor.com

Home sellers in the United States overall have about $40,000 in equity in their property, a median 23% gain from their time of purchase. But one slice of those sellers is faring much worse than everyone else, according to new data from the National Association of Realtors.

Those who bought their homes 8 to 10 years ago—2005 to 2007, at the height of the real estate bubble—have gained almost no equity in that time, an average of just $3,000 or 1%, said Jessica Lautz, the NAR’s managing director of survey research and communication.

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