The housing market is healthier than it was a few years ago. There’s a better balance between the number of buyers and the number of homes for sale. That means fewer home price spikes. It also means equity levels are beginning to stabilize. According to ATTOM Data Solutions’ most recent Home Equity & Underwater Report, the share of equity rich homes – those with combined loan balances no more than half their estimated value – is falling, gradually. During the third quarter, 46.1 percent of homes could be considered equity rich. That’s down from 47.4 the previous quarter and 48.3 percent last year at the same time. Rob Barber, ATTOM’s CEO, says the market is finding balance. “After several years of strong equity growth that peaked in 2022, homeowner equity levels appear to be stabilizing,” Barber said. “The modest fluctuations seen over the last few quarters may suggest a housing market that’s finding balance after an extended period of appreciation.” (source)
