Home Equity Rebound

Home Equity ReboundMore home owners are eeking out equity again on their properties, 
but with  slowing home appreciation, millions of home owners may still be at risk of foreclosure. Equity-rich properties – those with at least 50 percent equity – grew to 10.8 million, or 20 percent of all properties with a mortgage, in the third quarter, according to U.S. Home Equity & Underwater Report. That percentage is up from 19 percent of properties in the second quarter of 2014.Another 8.5 million properties – or 16 percent of all homes with a mortgage -- are teetering on the edge of equity, with between 10 percent of negative equity and 10 percent of positive equity. But many home owners have yet to regain equity. The number of properties with negative equity has fallen to the lowest level, Learn more.