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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 [1]

 

 

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.

 

Continues here [2]


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:

[1] Economist: http://www.economist.com/blogs/graphicdetail/2013/12/daily-chart-13

[2] 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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