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Home Equity Highs Mask Underwater Risks | Real Estate News
Homeowner equity just hit an all-time high of $18 trillion nationwide—but behind the glossy numbers, a troubling trend is emerging: over 800,000 homeowners are underwater, owing more than their homes are worth, with many also falling behind on payments. This crisis is concentrated in Texas and Florida, where rapid growth and soaring prices gave way to sharp declines as interest rates rose. Most of these risky loans were taken out in 2022 or later, often with small down payments via FHA or VA programs. While California and the Northeast remain stable, the Sun Belt’s housing market is showing…
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