Record-low interest and you may a good pandemic-fueled to get frenzy caused home prices to improve over the last long-time, additionally the continued shortage of directory, brand new relocation out of secluded professionals or any other activities continue to keep those people cost large. As a result, of several people try clean with equity inside their residential property.

Predicated on an effective Q2 2023 report out of real estate studies enterprise ATTOM, 49% of mortgaged homes in the united states is actually “equity steeped,” that have loan balances at the fifty% or a reduced amount of the estimated market value. [Read more…]