Homeowner equity declined modestly for the second straight quarter as home price growth fell across the country, according to new data from ATTOM. But it remains near historic highs. First-quarter results from ATTOM’S 2023 U.S. Home Equity & Underwater Report showed 47.2 percent of mortgaged residential properties nationwide were considered equity rich — down from 48 percent in the previous quarter. A property was considered equity rich if the combined estimated outstanding loans on the property was no more than half of the property's estimated market value. And just three percent of homes were seriously under water, which means that a property’s loan balance was at least 25 perce
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