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More homeowners feeling (equity) rich

More homeowners feeling (equity) rich

By Ron Trujillo/ron@calhomenews.com

California had the second-largest percentage of equity-rich homeowners in the nation during the first quarter of the year, a big boom for the economy and the housing market.

More than one of three (35.8%) of homeowners with mortgage in the state are considered equity rich, where the combined loan amount secured by the property is 50% or less than the estimated market value of the property, according to an ATTOM Data Solutions report.

California had three of the four top cities with the largest percentage of equity-rich homeowners, led by San Jose at 51.3%. San Francisco came in a close second-place at 46.6%, followed by fourth-place Los Angeles at 39.1%.

One of every three (33.6%) San Diego homeowners with mortgages were equity rich, the sixth-highest percentage in the U.S.

Other parts of the state, especially the Inland Empire (Riverside and San Bernardino counties), the High Desert and Central Valley (think Bakersfield to Modesto) have missed much of the dramatic increase in the housing market, and some of these homeowners continue to struggle with underwater mortgages.

Featured photo of Orange County houses by Dennis Sohm/Shutterstock. San Diego photo by William Garrett/Flickr.

Golden State, brown air

California has aggressively addressed air quality during the past couple decades, but still eight of the 10 most-polluted cities are in the Golden State.

With 40 million people, almost 35 million registered vehicles and some challenging topography, the state has some of the dirtiest air, especially in the inland valleys but even along the Central Coast.

Eight of the 10 cities with the highest year-round concentration of particulate matter—or PM2.5— were in California between 2013 and 2015, according to the American Lung Association’s State of the Air report.

California also has seven of the 10 cities with the worst ozone pollution in the nation.

Particulate matter and ozone are linked to many health problems, including asthma, lung cancer, premature death and developmental delays in children.

Most polluted metropolitan regions in California by average year-round concentration of particulate matter

  1. Visalia-Porterville-Hanford
  2. Bakersfield
  3. Fresno
  4. Bay Area
  5. Los Angeles
  6. Modesto-Merced
  7. El Centro
  8. San Luis Obispo-Paso Robles

Most polluted California cities by ozone pollution

  1. Los Angeles
  2. Bakersfield
  3. Fresno
  4. Visalia-Porterville-Hanford
  5. Modesto-Merced
  6. San Diego
  7. Sacramento-Roseville

Photo by J. Dennis/Shutterstock

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