4 Million Homeowners Climb Out of Negative Equity

The economy may be growing at a frustratingly slow pace, but one piece of it is booming: American homeowners' equity holdings — the market value of their houses minus their mortgage debts — soared by nearly $2.1 trillion last year to $10 trillion.

Big numbers, you say, and hard to grasp. But look at it this way: Thanks to rising prices and equity levels, about 4 million owners around the country last year were able to climb out of the financial tar pit of the housing bust — negative equity.

http://www.latimes.com/business/realestate/la-fi-harney-20140316,0,7849455.story#ixzz2wEWrJGQD

Raymond Gravelle, Broker

Realty Executives Grant County

Your Residential & Commercial Expert
509.771.0027 cell/text

509-498-2056 fax