【World Property Journal】Home Equity Continues to Rise Across America in Q3, Despite Coronavirus

Based on ATTOM Data Solutions latest third-quarter 2020 U.S. Home Equity & Underwater Report, 16.7 million residential properties in the United States were considered equity-rich, meaning that the combined estimated amount of loans secured by those properties was 50 percent or less of their estimated market value.

The count of equity-rich properties in the third quarter of 2020 represented 28.3 percent, or about one in four, of the 58.9 million mortgaged homes in the United States. That level is up from 27.5 percent in the second quarter of 2020, 26.5 percent in the first quarter of 2020 and 26.7 percent in the third quarter of 2019, despite the economic damage caused this year by the worldwide Coronavirus pandemic.
 

READ MORE