{"id":4454,"date":"2017-05-08T00:00:00","date_gmt":"2017-05-08T00:00:00","guid":{"rendered":"https:\/\/amazingproperty.com.ng\/blog\/1-4m-more-homeowners-regain-equity\/"},"modified":"2017-05-08T00:00:00","modified_gmt":"2017-05-08T00:00:00","slug":"1-4m-more-homeowners-regain-equity","status":"publish","type":"post","link":"https:\/\/amazingproperty.com.ng\/blog\/1-4m-more-homeowners-regain-equity\/","title":{"rendered":"1.4M More Homeowners Regain Equity"},"content":{"rendered":"<p>\n<\/p>\n<div readability=\"37.53995157385\">\n<!--\n\n<pre>-->  \n  <div property=\"dc:description\" readability=\"23.215496368039\"><!--paging_filter--><p>The number of U.S. properties considered &#8220;equity rich&#8221; has increased by nearly 1.4 million units from a year ago, according to the First Quarter 2017 U.S. Home Equity &amp; Underwater Report produced by ATTOM Data Solutions. Now, more than 13.7 million homes\u2014or about a quarter of all U.S. residential properties\u2014fall within that category, which means the combined <a class=\"wpil_keyword_link\" href=\"https:\/\/amazingproperty.com.ng\/blog\/get-real-estate-loan-for-real-estate-investors\"   title=\"loan\" data-wpil-keyword-link=\"linked\">loan<\/a> amount secured by the property is 50 percent or less than its estimated market price.<\/p>\n\n<blockquote readability=\"7.882005899705\">\n<p><strong>Profile of Equity-Rich Properties<\/strong><\/p>\n\n<p>According to ATTOM Data Solutions, the following types of properties are considered equity-rich:<\/p>\n\n<ul><li>15.4 percent of properties valued up to $100,000; 20.8 percent valued between $100,000 and $300,000; 29.5 percent valued between $300,000 and $750,000; and 7 percent valued at more than $750,000.<\/li>\n\t<li>7 percent of non\u2013owner-occupied (investment) properties with a <a href=\"https:\/\/amazingproperty.com.ng\/blog\/mortgage-preapproval-guide-for-home-buyers\/\">mortgage<\/a> were equity rich at the end of the first quarter of 2017 compared to 23.6 percent of owner-occupied properties.<\/li>\n\t<li>4 percent of properties located in a high-risk flood zone were equity rich, compared to 13 percent of those not located in a high-risk flood zone.<\/li>\n<\/ul><p><em>Source: RealtyTrac<\/em><\/p>\n<\/blockquote>\n\n<p>The report notes the following states had the highest share of equity-rich properties in the first quarter:<\/p>\n\n<ol><li>Hawaii: 38.4%<\/li>\n\t<li>California: 35.8%<\/li>\n\t<li>New York: 34.6%<\/li>\n\t<li>Vermont: 32.8%<\/li>\n\t<li>Oregon: 31.3%<\/li>\n<\/ol><p>On a city level, the metros with populations of at least 500,000 that posted the highest share of equity-rich properties are:<\/p>\n\n<ul><li>San Jose, Calif.: 51.3%<\/li>\n\t<li>San Francisco.: 46.6%<\/li>\n\t<li>Honolulu: 39.9%<\/li>\n\t<li>Los Angeles: 39.1%<\/li>\n\t<li>Pittsburgh: 34.2%<\/li>\n\t<li>San Diego: 33.6%<\/li>\n\t<li>Portland, Ore.: 33.6%<\/li>\n\t<li>Austin, Texas: 32.1%<\/li>\n\t<li>Seattle: 32.1%<\/li>\n\t<li>New York: 32%<\/li>\n<\/ul><p><em>Source: RealtyTrac<\/em><\/p>\n<\/div>\n  \n    \n<\/pre>\n\n<\/div>\n\n\n<br \/>[ad_2]\n<br \/><a href=\"http:\/\/feedproxy.google.com\/~r\/DailyRealEstateNews\/~3\/rckyhzoLKNk\/14m-more-homeowners-regain-equity\"> link <\/a>\n<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The number of U.S. properties considered &#8220;equity rich&#8221; has increased by nearly 1.4 million units from &hellip; <a title=\"1.4M More Homeowners Regain Equity\" class=\"hm-read-more\" href=\"https:\/\/amazingproperty.com.ng\/blog\/1-4m-more-homeowners-regain-equity\/\"><span class=\"screen-reader-text\">1.4M More Homeowners Regain Equity<\/span>Read more<\/a><\/p>\n","protected":false},"author":1,"featured_media":4455,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"advanced_seo_description":"","jetpack_seo_html_title":"","jetpack_seo_noindex":false,"jetpack_seo_schema_type":"","_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"jetpack_post_was_ever_published":false},"categories":[4],"tags":[4751,12908,543,627,127,408,1007,416,41,818,10017],"class_list":["post-4454","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-opportunities-in-new-markets","tag-amazing","tag-home","tag-home-buying-guide","tag-homeowners","tag-homes","tag-mortgage","tag-owners","tag-properties","tag-property","tag-real","tag-types-of-properties"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2017\/05\/rckyhzoLKNk","jetpack_sharing_enabled":true,"jetpack-related-posts":[{"id":8610,"url":"https:\/\/amazingproperty.com.ng\/blog\/equity-rich-properties-hit-tipping-point\/","url_meta":{"origin":4454,"position":0},"title":"Equity-Rich Properties Hit Tipping Point","author":"Amazing Property","date":"May 3, 2018","format":false,"excerpt":"The number of equity-rich properties in the U.S. may have reached a tipping point, according to ATTOM Data Solutions\u2019 First Quarter 2018 U.S. Home Equity & Underwater Report. Equity-rich properties in the U.S. in the second quarter are down from their peak in the second quarter of 2017. ATTOM Data\u2026","rel":"","context":"In &quot;Opportunities In New Markets&quot;","block_context":{"text":"Opportunities In New Markets","link":"https:\/\/amazingproperty.com.ng\/blog\/category\/opportunities-in-new-markets\/"},"img":{"alt_text":"1 Rss.png","src":"https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2018\/05\/1_rss.png?fit=599%2C586&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2018\/05\/1_rss.png?fit=599%2C586&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2018\/05\/1_rss.png?fit=599%2C586&ssl=1&resize=525%2C300 1.5x"},"classes":[]},{"id":5763,"url":"https:\/\/amazingproperty.com.ng\/blog\/report-1-in-4-homes-now-equity-rich\/","url_meta":{"origin":4454,"position":1},"title":"Report: 1 in 4 Homes Now Equity Rich","author":"Amazing Property","date":"August 17, 2017","format":false,"excerpt":"Homeowners should be feeling richer. At the end of the second quarter, more than 14 million U.S. properties were considered equity rich. (That means the combined loan amount secured by the property was 50 percent or less of the estimated market value of the property.) Nearly 320,000 properties joined the\u2026","rel":"","context":"In &quot;Opportunities In New Markets&quot;","block_context":{"text":"Opportunities In New Markets","link":"https:\/\/amazingproperty.com.ng\/blog\/category\/opportunities-in-new-markets\/"},"img":{"alt_text":"1503014319_1_rss.png","src":"https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2017\/08\/1503014319_1_rss.png?fit=599%2C659&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2017\/08\/1503014319_1_rss.png?fit=599%2C659&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2017\/08\/1503014319_1_rss.png?fit=599%2C659&ssl=1&resize=525%2C300 1.5x"},"classes":[]},{"id":725,"url":"https:\/\/amazingproperty.com.ng\/blog\/equity-rich-properties-rise-by-1-3m-in-1-year\/","url_meta":{"origin":4454,"position":2},"title":"Equity-Rich Properties Rise By 1.3M in 1 Year","author":"Amazing Property","date":"February 10, 2017","format":false,"excerpt":"[ad_1] The equity picture is looking brighter for homeowners. At the end of 2016, there were 13.9 million U.S. properties \u2013 or nearly 25 percent of the housing stock with a mortgage -- that were considered equity rich, according to ATTOM Data Solutions. Equity rich is when the loan on\u2026","rel":"","context":"In &quot;Opportunities In New Markets&quot;","block_context":{"text":"Opportunities In New Markets","link":"https:\/\/amazingproperty.com.ng\/blog\/category\/opportunities-in-new-markets\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2017\/02\/1_rss.png?fit=584%2C644&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2017\/02\/1_rss.png?fit=584%2C644&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2017\/02\/1_rss.png?fit=584%2C644&ssl=1&resize=525%2C300 1.5x"},"classes":[]},{"id":7184,"url":"https:\/\/amazingproperty.com.ng\/blog\/underwater-homes-are-drying-up\/","url_meta":{"origin":4454,"position":3},"title":"\u2018Underwater\u2019 Homes Are Drying Up","author":"Amazing Property","date":"November 22, 2017","format":false,"excerpt":"As more homeowners see their property values rise, the number of homes that are seriously underwater continues to decrease. At the end of the third quarter, there were 4.6 million U.S. properties considered seriously underwater, which is down by more than 1.4 million properties from a year ago, according to\u2026","rel":"","context":"In &quot;Opportunities In New Markets&quot;","block_context":{"text":"Opportunities In New Markets","link":"https:\/\/amazingproperty.com.ng\/blog\/category\/opportunities-in-new-markets\/"},"img":{"alt_text":"1 Rss.png","src":"https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2017\/11\/1_rss.png?fit=599%2C586&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2017\/11\/1_rss.png?fit=599%2C586&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2017\/11\/1_rss.png?fit=599%2C586&ssl=1&resize=525%2C300 1.5x"},"classes":[]},{"id":1611,"url":"https:\/\/amazingproperty.com.ng\/blog\/more-homeowners-turn-to-their-equity-again\/","url_meta":{"origin":4454,"position":4},"title":"More Homeowners Turn to Their Equity Again","author":"Amazing Property","date":"March 6, 2017","format":false,"excerpt":"As home values rise fast, homeowners are starting to realize they have a lot of wealth tucked into their homes, and it\u2019s become enticing to tap into it. Read more: Equity-Rich Properties Rise By 1.3M in 1 Year Since the housing crash, homeowners have been shy about accessing any of\u2026","rel":"","context":"In &quot;Opportunities In New Markets&quot;","block_context":{"text":"Opportunities In New Markets","link":"https:\/\/amazingproperty.com.ng\/blog\/category\/opportunities-in-new-markets\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":6793,"url":"https:\/\/amazingproperty.com.ng\/blog\/fewer-zombie-homes-haunt-neighborhoods\/","url_meta":{"origin":4454,"position":5},"title":"Fewer \u2018Zombie\u2019 Homes Haunt Neighborhoods","author":"Amazing Property","date":"October 27, 2017","format":false,"excerpt":"This Halloween, you may be less spooked as fewer \u201czombies\u201d are out in real estate. The number of zombie\u00a0preforeclosure properties has plunged 22 percent from a year ago. A zombie\u00a0home is a property that is in foreclosure limbo. The foreclosure process has begun for the home, but it has not\u2026","rel":"","context":"In &quot;Opportunities In New Markets&quot;","block_context":{"text":"Opportunities In New Markets","link":"https:\/\/amazingproperty.com.ng\/blog\/category\/opportunities-in-new-markets\/"},"img":{"alt_text":"1509137348 1 Rss.png","src":"https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2017\/10\/1509137348_1_rss.png?fit=599%2C619&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2017\/10\/1509137348_1_rss.png?fit=599%2C619&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2017\/10\/1509137348_1_rss.png?fit=599%2C619&ssl=1&resize=525%2C300 1.5x"},"classes":[]}],"_links":{"self":[{"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/posts\/4454","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/comments?post=4454"}],"version-history":[{"count":1,"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/posts\/4454\/revisions"}],"predecessor-version":[{"id":90471,"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/posts\/4454\/revisions\/90471"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/media\/4455"}],"wp:attachment":[{"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/media?parent=4454"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/categories?post=4454"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/tags?post=4454"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}