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Q4 Homeowner Equity Surges with Housing Market

Friday, Feb 04 2022
Lending
Written by  The Mortgage Leader

ATTOM Data Solutions has unveiled data showing that almost one of every two mortgaged homes were “equity rich” in the fourth quarter of 2021, as the housing market boomed. So reports RisMedia.

house 2368389 1920 280x186According to ATTOM, 41.9% of mortgaged residential U.S. properties were equity-rich in the final quarter of last year, meaning that their combined estimated amount of loan balances were at most 50% of their estimated market worth.

That’s up from 39.5% in the previous quarter and 30.2% a year earlier.

Read the full article from RisMedia.

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