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Equity Rich U.S. Properties Increase To New High Of 14.5 Million In Q3 2018
ATTOM Data Solutions, curator of the nation’s premier property database, released its Q3 2018 U.S. Home Equity & Underwater Report, which shows that in the third quarter of 2018, nearly 14.5 million U.S. properties were equity rich where the combined estimated amount of loans secured by the property was 50 percent or less of the property’s estimated market value up by more than 433,000 from a year ago to a new high as far back as data is available, Q4 2013. The 14.5 million equity-rich properties in Q3 2018 represented 25.7 percent of all properties with a mortgage, up from 24.9 percent in the previous quarter but down from 26.4 percent in Q3 2017.
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