Almost half of US mortgaged homes were considered “equity rich” in the fourth quarter, nearly double the pre-pandemic share, ...

More than 47% of homeowners in 2024 were “equity rich,” meaning borrowers owed less than half of the home's value in the fourth quarter of last year.

Florida observes 3.4% annual decline in share of equity-rich homes, while gains in the Northeast consolidate “One of the most profound benefits of the nation’s 13-year housing market boom,” the number ...