Nearly Half Of American Homeowners Were ‘Equity Rich’ in Q4 As Home Prices Soared | Global News Avenue

According to a report from the real estate data company ATTOM, as the price of houses rose steadily, Americans maintained almost historically equity in houses in 2024.

The report shows that in the fourth quarter of 2024, 47.7 % of homeowners were considered “wealthy stocks”, which means that the borrower’s house loan balance does not exceed half of the total value of the house.

Although the closest peak distance in the second quarter is out of time, the share of the rich housing of the stock is still close to the level of record. In 2020, only 26.5 % of houses were considered rich in stocks. In addition, the report shows that 95 % of homeowners have established a certain degree of equity in their property.

“Nearly half of the house mortgage The American payer also clearly clearly clear their loans. Many people have six -digit wealth available to use new houses to buy new enterprises to pay off anything. “Attom CEO Rob Barber said.

Promote the net worth of houses at high prices

Barber said that the high level of equity in history is the result of “endless increase” House value For more than ten years. High price to promote The burden on the housing market, have Promoting sales lowEssence

Data of the Census Bureau supports this trend The median sales price of new houses In the past 10 years, it has increased by more than 40 %, and has risen from US $ 294,200 in 2015 to $ 420,100 in 2015. In 2024, the median price of existing houses also reached a record $ 407,500.

ATTOM data shows that the net worth of homeowners in Vermont, New Hampshire and Maine is the highest in net worth, while Louisiana, Alaska and North Dakota have the lowest net worth. The highest -level houses with the highest level include San Jose in California and Portland, Los Angeles and Maine.

At the same time, a house that is considered to be “underwater”, where the property loan there is at least 25 % higher than the total value, and the retaining is 2.5 %.