Slower Appreciation Taking a Toll on Equity in Some Markets

Home / Blog / Slower Appreciation Taking a Toll on Equity in Some Markets

Posted To: MND NewsWire

Declining property values, while modest and localized, may be taking a toll on homeowner safety margins. ATTOM Data Solutions has released its first quarter 2019 Home Equity and Underwater Mortgage Report and notes that 5.22 million U.S. properties were underwater at the end of the reporting period. This represents 9.1 percent of all mortgaged residential properties in the U.S., up from 8.8 percent at the end of the fourth quarter of 2018. ATTOM defines "underwater" as where the combined balance of loans secured by the property exceeds the property's estimated market value by 25 percent or more, that is has a loan-to-value (LTV) ratio of 125 percent or more.. The number of such properties increased by more than 17,000 compared to the first quarter of 2018 although the share of those homes is...(read more)

Forward this article via email:  Send a copy of this story to someone you know that may want to read it.

Source: http://www.mortgagen...

cb73b507 c617 4c31 a78a f125efe9050f 643f3647 722f 4220 b0c4 48caf6196a02 88e34121 275a 4e3f a3e8 b14ea2bdf5a2 7c274620 f7cd 49ae a718 919925fd8924 828f1c0b f37c 465c 9c42 f389fdb16908 48c268e2 c858 44f5 b1e6 ec5d5e0d1f28 61429a47 bc99 4ee1 aac9 be2bb3493f3f 3b05d7ce 9b46 4bc6 875a 153d3ebc4880 32c33e32 153d 4441 beeb ef126eeadfba 7759a58f 7dc6 46d9 beab af1b40dd5ec6 adc51bbe 84f9 420e 8a64 c837c6f470a8 c6abb5df 3c3b 4dd2 9829 d585fb9c44f5 18de1ed6 d6e7 43c5 9b20 bf6c720ca040 0d0b8e3a 4fd8 4867 a528 4f092c7deba0 3b50e34f faf9 49e4 8800 7551f7be99ef 6ca9fb46 3eba 47c4 a7fe c84be6dc6bd5 c187348b de55 4fee aabc 463152f9f9a3 47c36f5d 8dfa 4a32 88cd 10408fdfadf0 4a3eeee4 e284 4278 9a9e 5666c0f1caaa a6826422 3b93 4c9c 823f ce1cb427e1f0 e5b30857 1ebb 4db5 8a69 3aa065f52405 3ce9984a 85d9 4be2 8615 bc8f57d1bb49 32ec0a59 606b 42a3 8c18 6a91611f55e1