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Home equity returning at slower pace
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Industry News, Market Data
Friday, April 18, 2014
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The U.S. Home Equity and Underwater Report for the first quarter of 2014 shows 9.1 million U.S. residential properties were seriously underwater – where the combined loan amount secured by the property is at least 25 percent higher than the property’s estimated market value – representing 17 percent of all properties with a mortgage in the first year.
This follows industry trends according to RealtyTrac Vice President Daren Blomquist.
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