Lunch & Learn: The State of Housing

As housing supply dwindles, affordability concerns grow while competition heats up the market. This Lunch & Learn will examine the current state of housing, featuring experts who have an eye on the market.

HousingWire Annual Virtual Summit

Join us on October 25 for a chance to see a handpicked selection of sessions from HousingWire Annual along with technology demos from the most innovative tech companies! Register now for FREE to experience HW Annual just like you were there.

How credit scores impact lenders’ pipelines in a purchase market

When a lender works with a borrower to improve their credit score, they are able to offer the most competitive rate and terms. Learn more here!

Volly’s Grant Moon on challenges facing veterans

In this episode of HousingNews, we are joined by Grant Moon who discusses the difficulties veterans face during the home-buying process and misconceptions about VA loans.

Mortgage

These are the ZIP codes where homeowners hold the most equity

No surprise, California markets top the list

More than a quarter of mortgaged properties in the U.S. were rich with equity in the first quarter of 2019.

This is down just one half a percent from the previous quarter, ATTOM Data Solutions revealed in its latest Home Equity & Underwater Report. It’s also slightly less than the percentage of equity levels seen one year ago.

Still, 14.4 million U.S. properties are equity-rich, meaning the mortgage liens against them have a loan-to-value ratio of 50% or less.

This is up from five years ago, when just under 10 million properties were considered equity-rich.

Where are homeowners amassing the greatest amounts of equity? In California, of course.

Cities in the Golden state dominated the list of those with the greatest number of equity-rich properties, with San Jose topping the list, followed by San Francisco, Los Angeles, Santa Rosa and San Diego.

The top five ZIP codes with the greatest number of equity-rich properties were all located in the San Jose and San Francisco markets.

Here are the top five states with the highest share of equity-rich properties:

1. California: 43%

2. Hawaii: 38.1%

3. New York: 34.2%

4. Washington: 33.2%

5. Vermont: 32.8%

Here is an interactive map from ATTOM where you can explore equity levels by ZIP code:

3d rendering of a row of luxury townhouses along a street

Log In

Forgot Password?

Don't have an account? Please