Finally sitting down to my computer after a long day. The posts for today and tomorrow will be quick ones. Monday we’ll continue to look at real estate as an investment and delve into the average American’s net worth. Until then, here’s an infographic equity report courtesy of KCM and CoreLogic.
Equity Report for the Nation by CoreLogic (Second Quarter 2013)
7.1 million homes are currently underwater
1.7 million additional borrowers have less than 5% equity
14.5% of homes with a mortgage are currently in negative equity
80% of homes that are valued at less than $200,000 have equity, while 91% of homes valued at over $200,000 have equity–a larger number of more expensive homes have equity than those with lower value.
States with the highest equity:
1. Montana 96.2%
2. Arkansas 96.1%
3. Wyoming 95.8%
4. Texas 95.7%
5. North Dakota 95.5%