IRVINE, Calif. — May 9, 2024 — ATTOM, a leading curator of land, property, and real estate data,  today released its first-quarter 2024 U.S. Home Equity & Underwater Report, which shows that 45.8 percent of mortgaged residential properties in the United States were considered equity-rich in the first quarter, meaning that the combined estimated amount of loan balances secured by those properties was no more than half of their estimated market values.

The portion of mortgaged homes that were equity-rich in the first quarter of 2024 is down from 46.1 percent in the fourth quarter of 2023, marking the third straight quarterly decline. The latest figure also was down from 47.2 percent in the first quarter of 2023, hitting the lowest point in two years.

 

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