Tag: equity rich homeowners
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Fewer equity-rich owners and more underwater mortgages. Sound familiar?
Equity is shrinking, buyers hold the leverage, deals are falling apart, and rents are splitting the state in two — a snapshot of a California housing market under strain.
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Home sales and prices plummet in Pacific Palisades after devastating fire
The devastating wildfire in January destroyed more than 11,000 homes, and the long-term effect could hurt the housing market for years.
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Are you equity rich? Yep, probably so
California has some of the cities with the largest percentage of equity rich homeowners. But the Bay Area endured a decline as prices tumbled.
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Worried about wildfires? Check the risk
Plus, Fannie Mae will consider rent payments as part of the application process for first-time buyers, affordability plummets to 14-year low, and half of homeowners in Golden State are equity rich.
