{"id":13880,"date":"2018-08-14T12:48:53","date_gmt":"2018-08-14T12:48:53","guid":{"rendered":"http:\/\/www.anthonydidonato.net\/wordpress\/?p=13880"},"modified":"2018-08-14T12:53:41","modified_gmt":"2018-08-14T12:53:41","slug":"equity-rich-how-does-your-state-fare","status":"publish","type":"post","link":"https:\/\/www.anthonydidonato.net\/wordpress\/equity-rich-how-does-your-state-fare\/","title":{"rendered":"Equity Rich? How Does Your State Fare?"},"content":{"rendered":"<h2>Equity Rich? How Does Your State Fare?<\/h2>\n<div id=\"attachment_13881\" style=\"width: 400px\" class=\"wp-caption alignnone\"><a href=\"http:\/\/www.anthonydidonato.net\/wordpress\/2018\/08\/14\/equity-rich-how-does-your-state-fare\/house-and-money\/\" rel=\"attachment wp-att-13881\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-13881\" class=\"size-full wp-image-13881\" src=\"http:\/\/www.anthonydidonato.net\/wordpress\/wp-content\/uploads\/2018\/08\/08142018.jpg\" alt=\"Equity Rich? How Does Your State Fare?\" width=\"400\" height=\"267\" \/><\/a><p id=\"caption-attachment-13881\" class=\"wp-caption-text\">Equity Rich? How Does Your State Fare?<\/p><\/div>\n<div class=\"content-push push\">\n<div class=\"layout-constrain\">\n<div class=\"\">\n<div class=\"region-content\">\n<div>\n<div class=\"main-content no-left-sidebar\">\n<div class=\"pane pane--title-deck-title-deck-block\">\n<div class=\"pane__content\">\n<section class=\"section--page-header\">\n<nav class=\"nav nav--menu-social-follow-sidebar-menu custom__images nav--social-menu-share\" role=\"navigation\">\n<ul class=\"nav nav--social-menu-share custom_images\">\n<li class=\"nav__item\"><\/li>\n<\/ul>\n<\/nav>\n<\/section>\n<\/div>\n<\/div>\n<div class=\"pane-node-body pane pane--nodebody\">\n<div class=\"pane__content\">\n<div class=\"field field--body\">\n<div class=\"field-items\">\n<div class=\"field-item even\">\n<p>One in four properties nationwide are \u201cequity rich,&#8221; according to a new report released by real estate data firm ATTOM Data Solutions. To be considered as such, homeowners with financing must currently hold a mortgage that is 50 percent or less of the property\u2019s estimated market value. As <a href=\"https:\/\/magazine.realtor\/daily-news\/2018\/08\/08\/how-many-records-can-home-prices-shatter\">home prices keep setting records<\/a>, the number of homeowners with equity in their homes is growing. More than 13.6 million properties were considered \u201cequity rich\u201d in the second quarter, according to the report.<\/p>\n<p>The states with the highest share of equity rich properties in the second quarter were:<\/p>\n<ul>\n<li>California: 43.5 percent<\/li>\n<li>Hawaii: 38.3 percent<\/li>\n<li>Washington: 34.5 percent<\/li>\n<li>New York: 33.2 percent<\/li>\n<li>Oregon: 32.8 percent<\/li>\n<\/ul>\n<p>The cities with the highest share of equity rich properties were:<\/p>\n<ul>\n<li>San Jose, Calif.: 71.9 percent<\/li>\n<li>San Francisco: 60.8 percent<\/li>\n<li>Los Angeles: 47.9 percent<\/li>\n<li>Seattle: 41.1 percent<\/li>\n<li>San Diego: 40 percent<\/li>\n<\/ul>\n<p>On the other hand, the ATTOM report also showed that more than 5.5 million homes\u2014or 10 percent of all homes with a mortgage in the U.S.\u2014are still considered \u201cseriously underwater,\u201d where the combined estimated balance on the loan is at least 25 percent higher than the property\u2019s estimated market value.<\/p>\n<p>\u201cThe share of seriously underwater properties has dropped well below 10 percent in bellwether housing markets such as California, Washington, Texas, Colorado, and New York, but the underwater rate remains stubbornly high in markets where price appreciation has not been as strong during the housing recovery of the last six years,\u201d says Daren Blomquist, senior vice president with ATTOM Data Solutions. \u201cNationwide, the number of equity rich homeowners is more than twice the number of seriously underwater homeowners, but the gap between home equity haves and have-nots persists because home price appreciation is certainly not uniform across local markets or even within local markets.\u201d<\/p>\n<p>The states with the highest share of seriously underwater properties in the second quarter were:<\/p>\n<ul>\n<li>Louisiana: 21.7 percent<\/li>\n<li>Illinois: 18.5 percent<\/li>\n<li>Missouri: 17.8 percent<\/li>\n<li>Mississippi: 16.8 percent<\/li>\n<li>Ohio: 16.2 percent<\/li>\n<\/ul>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Equity Rich? How Does Your State Fare? One in four properties nationwide are \u201cequity rich,&#8221; according to a new report released by real estate data firm ATTOM Data Solutions. To be considered as such, homeowners with financing must currently hold a mortgage that is 50 percent or less of the property\u2019s estimated market value. As &hellip; <\/p>\n<p><a class=\"more-link btn\" href=\"https:\/\/www.anthonydidonato.net\/wordpress\/equity-rich-how-does-your-state-fare\/\">Continue reading<\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[16,8],"tags":[5,32,4,9],"class_list":["post-13880","post","type-post","status-publish","format-standard","hentry","category-news","category-real-estate-tips","tag-anthony-didonato","tag-news","tag-real-estate","tag-tips","item-wrap"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Equity Rich? 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Skilled, smart and enthusiastic about his work and his life, Anthony DiDonato has the appealing combination of business sense and people skills gives him an edge in an industry that demands both. Educated at Drexel University with a dual major in accounting and finance and minors in management and psychology Anthony DiDonato offers over 25 years of experience in the real estate industry. He has been a real estate investor since 1985 and a member of H.A.P.C.O. (Landlord Association). He became a licensed Realtor in 1992 and a member of the Local, Pennsylvania and National Associations of Realtors. Anthony DiDonato is also a member of the Computerized Multiple Listings, (MLS) and Internet Marketing Programs. In 1997 Anthony DiDonato became Century 21 All-Elite, Inc. Corporate Secretary. Anthony DiDonato believes in taking his profession to the highest level of quality service. He is known for finding that \u201cperfect\u201d property in Philadelphia, Delaware County, Chester County, Montgomery County and surrounding areas in Pennsylvania for his buyers and helping his sellers prepare their properties so they sell quickly and efficiently. When it comes time to negotiate the terms of a contract, Anthony DiDonato has the knowledge, experience, and professionalism applied to meeting \u2013 or exceeding \u2013 his clients\u2019 expectations. His service to his clients is second to none. His honesty and integrity have been his claim to fame. For Superior Real Estate Representation in the Delaware Valley, Philadelphia, Delaware County, Chester County, Montgomery County and surrounding areas in Pennsylvania\u2026 call Anthony DiDonato.\",\"sameAs\":[\"http:\\\/\\\/www.anthonydidonato.net\"],\"url\":\"https:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/author\\\/admin\\\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Equity Rich? 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Skilled, smart and enthusiastic about his work and his life, Anthony DiDonato has the appealing combination of business sense and people skills gives him an edge in an industry that demands both. Educated at Drexel University with a dual major in accounting and finance and minors in management and psychology Anthony DiDonato offers over 25 years of experience in the real estate industry. He has been a real estate investor since 1985 and a member of H.A.P.C.O. (Landlord Association). He became a licensed Realtor in 1992 and a member of the Local, Pennsylvania and National Associations of Realtors. Anthony DiDonato is also a member of the Computerized Multiple Listings, (MLS) and Internet Marketing Programs. In 1997 Anthony DiDonato became Century 21 All-Elite, Inc. Corporate Secretary. Anthony DiDonato believes in taking his profession to the highest level of quality service. 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