Day: August 5, 2015

Equity acceleration slows, are some owners cashing out?

According to data from the U.S. Home Equity and Underwater Report put together by RealtyTrac, the number of properties with at least 50 percent equity grew by more than a million between the second quarters of 2014 and 2015. The most recent period ended with 10.9 million properties being equity rich, which is about 19.6 percent of all mortgaged properties.

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