Equity rich homes up by more than 433,000 from a year ago to a new high as far back as data is available.
Builder
ATTOM Data Solutions today released its Q3 2018 U.S. Home Equity & Underwater Report, which shows that in the third quarter of 2018, nearly 14.5 million U.S. properties were equity rich — where the combined estimated amount of loans secured by the property was 50% or less of the property’s estimated market value — up by more than 433,000 from a year ago to a new high as far back as data is available, Q4 2013.
The 14.5 million equity rich properties in Q3 2018 represented 25.7% of all properties with a mortgage, up from 24.9% in the previous quarter but down from 26.4% in Q3 2017.
