Homeowner Equity Surges, With Midwest, South Leading

ATTOM Data Solutions has published its U.S. Home Equity & Underwater Report, tracking changes in nationwide home equity levels during Q2 2024. The latest report comes with good news: Almost half (49.2%) of mortgaged residential properties in the U.S. were considered equity rich during the second quarter. This is up from the 45.8% in Q1. Moreover, only 2.4% of home mortgages were seriously underwater this quarter. Not only is that down from 2.7% in Q1, but it also marks the lowest level since 2019.

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