Excellent Equity
11/14/2023 |
As of 9/23, the percentage of home mortgage holders with negative equity is just 383,000 or 0.7%, less than half the percentage prior to Covid and prior to the Housing Bust. The percentage peaked in 2009 at 30%. Currently, the city with the highest percentage of underwater mortgage holders is Austin at 2.1%, because prices are 14% off 2022 peaks, followed by Las Vegas at 1.7% and Phoenix at 1.6%.