Plebeian ☑️ ☑️ on Nostr: nside the negative equity timebomb: US homeowners lost $108.4 BILLION in equity this ...

nside the negative equity timebomb: US homeowners lost $108.4 BILLION in equity this year - leaving more than 200,000 at risk of going 'underwater' if property prices fall another 5%
Average US homeowner saw home equity drop of $5,400 in first quarter of 2023
Realtors say they are now seeing more homeowners in negative equity
It comes after mortgage rates reached an eight-month high of 6.81 percent

https://www.dailymail.co.uk/news/article-12275733/US-homeowners-lost-108-4-BILLION-home-equity-year.html