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Are American Homeowners Back to Positive Equity? (No)
Posted By Barry Ritholtz On December 12, 2013 @ 1:00 pm In Real Estate | Comments Disabled
American Homeowners Are Finally Returning to Positive Equity
Source: Economist 
Here is a fascinating albeit somewhat confusing chart: Total US residential equity relative to total mortgage debt.
The problem, even misleading part about the chart is some 30% of homes are bought with no mortgage — straight up cash deals.
Article printed from The Big Picture: http://www.ritholtz.com/blog
URL to article: http://www.ritholtz.com/blog/2013/12/american-homeowners-are-finally-returning-to-positive-equity/
URLs in this post:
 Economist: http://www.economist.com/blogs/graphicdetail/2013/12/daily-chart-13
 Continues here: http://www.bloomberg.com/news/2013-12-12/american-homeowners-are-nearly-back-in-the-black-ritholtz-chart.html
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