Are American Homeowners Back to Positive Equity? (No)

December 12, 2013 1:00pm by Barry Ritholtz

American Homeowners Are Finally Returning to Positive Equity

Source: Economist

Here is a fascinating albeit somewhat confusing chart: Total US residential equity relative to total mortgage debt.

The problem, even misleading part about the chart is some 30% of homes are bought with no mortgage — straight up cash deals.

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