Posted by: Marvin Remmich | December 18, 2013

HOME EQUITY

Since August, the number of homeowners with more than 10 percent equity has increased by 4.3 percent, or 207,000.  In addition, the number of homeowners who are moderately to severely underwater has fallen by 12.9 percent or 160,000. Despite the improvement in homeowner equity, the number of underwater homeowners in California remains high. In November, nearly 1.8 million (20.7 percent) out of a total of 8.6 million homeowners were effectively underwater and shut out of the California real estate market.

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

Categories

%d bloggers like this: