Homeowners Are Cashing in on Equity Gains

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November 16, 2015

The New York Times reports that for the first three quarters of this year, sales volume of single-family homes and condominiums reached “the highest level since the same period in 2006.”

Data collected by RealtyTrac found that the share of “equity rich” households—ones that have at least 50 percent equity in their homes—declined in the third quarter from the quarter before to a share of 19.2 percent of all homeowners.

However, the group with less than 50 percent equity grew, and the ranks of those with negative equity shrank.

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