The share of mortgaged homes that were seriously underwater increased slightly from the previous quarter, according to industry data. The share of homes with negative equity rose from 2.5% to 2.6% during the fourth quarter of the current year. This indicates a slight decline in home equity levels and potentially increased financial vulnerability for homeowners.
Key points:
– Share of mortgaged homes with negative equity increased from 2.5% to 2.6% in Q4.
– Indicates a slight decline in home equity levels.
– Potential financial vulnerability for homeowners.
– Data suggests a need for increased awareness and assistance programs to help homeowners navigate negative equity situations.
Source: Weekly Real Estate News (Link: https://wrenews.com/home-equity-levels-down-slightly-during-q4/)
You can read this full article at: https://wrenews.com/home-equity-levels-down-slightly-during-q4/
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