A new study details the locations where homeowners are likely to be "equity rich" or underwater. Homeowners in western states are more likely to be equity rich, but many homeowners are still recovering from the Great Recession.
"Many of the homes with the most equity in the nation are concentrated in the western states," reports Carrie Rossenfeld.
The conclusion comes from the Q2 2017 US Home Equity & Underwater Report by ATTOM Data Solutions. Among the other findings of the report:
- At the end of the quarter, "there were more than 14 million US properties that were equity rich." That figure is "up by nearly 320,000 properties from the previous quarter and up by more than 1.6 million properties from a year ago," explains Rossenfeld.
- "[A]mong 91 MSAs with a population of 500,000 or more, those with the highest share of equity-rich properties at the end of Q2 were San Jose, San Francisco, L.A., Honolulu and Portland, OR, showing a strong concentration in the west. States with the highest share of equity include Hawaii, California, New York, Vermont and Oregon."
Josie Huang provides a more local look at the data from the ATTOM Data Solutions study, focusing on sub-markets in the Los Angeles area. There, "L.A.’s most popular zip codes have the largest share of equity-rich homeowners — roughly 60 percent in Venice, Culver City, Silver Lake, Echo Park and Atwater Village."
FULL STORY: Equity-Rich Homes Concentrated In The West
State of the Nation's Housing: Housing Production, Supply Still Coming Up Short
The Joint Center for Housing Studies of Harvard University released its annual "The State of the Nation's Housing" report this morning. There are some signs of post-recession normalcy in the housing market for high-income earners.
Richmond Program Promotes Black Homeownership
Economic Mobility and Black Homeownership Pilot identified barriers to homeownership and provides homebuyers with down payment assistance and counseling.
Contested Property: Haunted Houses and the Anxiety of Ownership in America
Sometimes home becomes a place of fear for the least supernatural reasons.
National Parks Layoffs Will Cause Communities to Lose Billions
Thousands of essential park workers were laid off this week, just before the busy spring break season.
Retro-silient?: America’s First “Eco-burb,” The Woodlands Turns 50
A master-planned community north of Houston offers lessons on green infrastructure and resilient design, but falls short of its founder’s lofty affordability and walkability goals.
Delivering for America Plan Will Downgrade Mail Service in at Least 49.5 Percent of Zip Codes
Republican and Democrat lawmakers criticize the plan for its disproportionate negative impact on rural communities.
Test News Post 1
This is a summary
Test News Headline 46
Test for the image on the front page.
Balancing Bombs and Butterflies: How the National Guard Protects a Rare Species
The National Guard at Fort Indiantown Gap uses GIS technology and land management strategies to balance military training with conservation efforts, ensuring the survival of the rare eastern regal fritillary butterfly.
Urban Design for Planners 1: Software Tools
This six-course series explores essential urban design concepts using open source software and equips planners with the tools they need to participate fully in the urban design process.
Planning for Universal Design
Learn the tools for implementing Universal Design in planning regulations.
EMC Planning Group, Inc.
Planetizen
Planetizen
Mpact (formerly Rail~Volution)
Great Falls Development Authority, Inc.
HUDs Office of Policy Development and Research
NYU Wagner Graduate School of Public Service