fromwww.ocregister.com
1 week agoCalifornia owners lost $33,000 in home equity in a year
Remember that a home loan's financial leverage can boost ownership profits over the mortgage's life but also magnify the impact of price declines. My trusty spreadsheet reviewed Cotality's third-quarter report on homeowner equity, focusing on homes with mortgages and comparing home values with loan balances. Cotality tracked this measure of financial cushion for borrowers in 49 states (Vermont didn't have enough data) and the District of Columbia.
Real estate