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Back to Home » June 2011 News » Americans' equity in their homes near a record low |
Americans' equity in their homes near a record low |
June 09, 2011
WASHINGTON (AP) -- Falling real estate prices are eating away at home equity. The percentage of their homes that Americans own is near its lowest point since World War II, the Federal Reserve said Thursday. The average homeowner now has 38 percent equity, down from 61 percent a decade ago....
Source URL: http://hosted.ap.org/dynamic/stories/U/US_HOME_EQUITY?SITE=ORLAG&SECTION=HOME&TEMPLATE=DEFAULT
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