Chart: Homeownership Equity at a Record Low

Homeownership equity is at record lows and collapsing despite a decade of house appreciation.  Owners levered homes to record levels despite prices at unsustainable valuations.  Housing prices are now falling while the debt from a decade of transactions and refinancings persists.  Low and falling homeowner equity bodes poorly for the economy, the future of home prices and the duration of the housing malaise.

 

 

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