According to ATTOM Data Solutions’ just off the presses Q3 2018 Home Equity and Underwater Report, there are now more equity rich properties in the US than ever before…14.5M equity rich properties representing 25.7% of all US properties.
ATTOM Data Solutions’ Q3 2018 Home Equity and Underwater Report also indicated that the share of seriously underwater properties dropped to 8.8% of all US properties. This 8.8 percentage of underwater properties, or 4.9M with a combined estimated balance of loans at least +25% higher than the property’s estimated market value, represents 25.7% of all US properties with a mortgage.
The zip codes where more than 50% of all properties are underwater live in Detroit, Milwaukee, St. Louis, Atlantic City and Cleveland.