Analysis shows that a large portion of mortgaged homeowners have significant equity in their homes.

In the third quarter, 2.5% of mortgaged homes were deemed seriously underwater, indicating these homeowners owe significantly more on their mortgages than their properties are worth. This data underscores the ongoing challenges faced by a small but notable portion of homeowners in the current real estate market.

On a brighter note, a recent report highlights that nearly half of mortgaged homeowners are considered equity-rich, suggesting that a significant portion of homeowners have seen their property values increase enough to offset their mortgage debt. This indicates a positive trend in the housing market that benefits a large percentage of homeowners. For more detailed information, you can access the full report on Weekly Real Estate News.

You can read this full article at: https://wrenews.com/report-nearly-half-of-mortgaged-homeowners-are-equity-rich/

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