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Busy housing market has led to surge in equity-rich homes

Photo by Braňo on Unsplash

The Business Journals | Ashley Fahey

The gap between equity-rich homes and those considered underwater widened at the close of 2021.

Attom Data Solutions LLC, a property analytics company based in Irvine, California, recently found 41.9% of U.S. mortgaged residential properties were considered equity-rich in the fourth quarter, meaning the combined estimated amount of loan balances secured by those properties was no more than 50% of their estimated market values.

That percentage is up from a month and year prior. The portion of mortgaged homes considered equity-rich was 39.5% in Q3 2021 and 30.2% in Q4 2020.

Keep reading: Report: Busy housing market has led to surge in equity-rich homes

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