96
The Big Finish
Wrap your head
around the market's
leading indicators.
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NEARLY HALF OF U.S. MORTGAGED
RESIDENTIAL PROPERTIES
CONSIDERED EQUITY-RICH
The biggest improvements in the equity-rich share of such properties were in the West and
South, while the ratio of equity-rich to seriously underwater properties is now 14 to 1.
ATTOM released its Q1 of 2022 U.S. Home Equity & Underwater Report, showing that 44.9% of mortgaged residential properties
throughout the U.S. were considered equity-rich in the first quarter, meaning that the combined estimated amount of loan balances
secured by those properties was no more than 50% of their homes estimated market values.
e portion of mortgaged homes that were equity-rich in Q1 of 2022 inched close to half, up from 41.9% in Q4 of 2021 and from
31.9% in Q1 of 2021. e report shows that just 3.2% of mortgaged homes—or one in 31—were considered seriously underwater in Q1 of
2022, with a combined estimated balance of loans secured by the property of at least 25%more than the property's estimated market value.
Across the country, 45 states saw equity-rich levels increase from Q4 of 2021 to Q1 of 2022 while seriously underwater percentages
increased in 28 states by less than 1%, respectively. Year over year, equity-rich levels rose in 48 states and seriously underwater portions
dropped in 46 states. Twelve of the 15 states with the lowest percentages of equity-rich properties in Q1 of 2022 were in the Midwest
and South.
The smallest portions
with the lowest
percentages of equity-
rich properties in Q1 of
2022 were in:
LOUISIANA 21.6%
MISSISSIPPI 23.5%
ILLINOIS 23.5%
ALASKA 25.2%
WYOMING 26.1%
The top five states
with the highest share
of mortgaged properties
that were equity-rich
were in:
SAN JOSE, CA 74.4%
AUSTIN, TEXAS 73.8%
BOISE, IDAHO 70%
SAN FRANCISCO, CA 68.1%
SALT LAKE CITY, UTAH 65.2%
