Bought a home between 2022 and 2025? You could be most vulnerable to this housing market shift
The share of homeowners sitting pretty on a huge chunk of home equity just hit a nearly five-year low. In a new report, property data company Attom found that just 41% of U.S. homes with mortgages were equity-rich in the second quarter, down from 43% in the first quarter of the year. That might not sound like a huge drop, but just a year ago 47% of homes met the same criteria. To qualify as equity-rich for the report’s puposes, a homeowner’s mortgage balance needed to be no more than ha...
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