https://grandriverrealty.com/wp-content/uploads/2018/03/GrandRiverLogo-med.png 0 0 petedrover https://grandriverrealty.com/wp-content/uploads/2018/03/GrandRiverLogo-med.png petedrover2013-12-31 09:13:072018-03-09 12:04:50Biggest real estate story of 2013: Homeowners gain $2.2 trillion in equity
Biggest real estate story of 2013: Homeowners gain $2.2 trillion in equity
“The biggest story in American real estate in 2013 hasn’t gotten the attention it deserves, so let’s shout this out: Homeowners’ net-equity holdings soared by $2.2 trillion between the third quarter of 2012 and the third quarter of this year, according to new data collected by the Federal Reserve.
“This is a record rebound for a 12-month period.
“And it’s crucially important in personal-financial terms for hundreds of thousands of owners who’ve been underwater on their mortgages for years.”