Turning a Negative Into a Positive

Studies nationwide are showing that nearly 4 million homeowners have been able to climb out of the housing pit and overcome negative equity. Overall, American homeowners’ equity holdings — the market value of their houses minus their mortgage debts — soared by nearly $2.1 trillion last year to $10 trillion. This is great news for homeowners, realtors, and the market alike, helping people refinance, making it easier to apply for loans, and making the market more affordable for buyers and sellers alike.

Read this interesting article from the LA Times for further detail.

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