Is US real estate crumbling?
News about Negative Equity (US homeowners) Source: https://www.dailymail.co.uk/news/article-12275733/US-homeowners-lost-108-4-BILLION-home-equity-year.html Inside the negative equity timebomb: US homeowners lost $108.4 BILLION in equity this year - leaving more than 200,000 at risk of going 'underwater' if property prices fall another 5% Average US homeowner saw home equity drop of $5,400 in first quarter of 2023 Realtors say they are now seeing more homeowners in negative equity It comes after mortgage rates reached an eight-month high of 6.81 percent U.S. home equity changes year over year, Q2 2023 From CoreLogic’s 8 Sep 2023 report : In the second quarter of 2023, the total number of mortgaged residential properties with negative equity decreased by 6% from the first quarter of 2023 , representing 1.1 million homes, or 2% of all mortgaged properties. On a year-over-year basis, negative equity rose by 4% to 1.1 million homes, or 1.9% of all mortgag...