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.






Comments