Tag Archives: Home Equity and Underwater Report

"Homeowners across the U.S. continue to sit in a far better position than they were just a few years ago, with historically elevated levels of wealth built up in their properties,” said Rob Barber, CEO for ATTOM Data.

According to new ATTOM data, 16 times as many mortgages are equity rich versus seriously underwater.

"Even though home price appreciation has slowed down dramatically in recent months, homeowners have continued to build equity," said Rick Sharga, EVP of Market Intelligence at ATTOM.

According to a new analysis, the increase in equity “represented some of the largest quarterly gains in two years,” and served as another sign of the U.S. housing market’s strength despite ongoing economic challenges.

The home price surge led to a large increase in equity-rich households, and that could mean fewer foreclosures as forbearances expire.