Increasing Home Values Lift 1 Million Homes from 'Underwater' Status
Pro Builder
AUGUST 6, 2021
Fri, 08/06/2021 - 09:23. Home value increases have taken more than 1 million homes out of an “underwater” status, meaning the loans secured by the property were 25% higher than the home’s market value. On the flip side, “equity-rich” homes that have a value at least double the loan balance, increased by 4.2 cbroderick.
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