Jul
24

House Holdings

homeequityPrior to the recession, the average homeowner’s equity percentage in their home was 60%. That percentage is now 53.64% and has been rising steadily since bottoming out at 36.6% in Q1/09. This suggests we are quite close to fully recovering. The catch: house prices are still 15% lower than they were before the recession. Therefore the total dollar value of home equity is still 21% below its peak.

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