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Thursday, December 06, 2007

Fed: Homeowner Percent Equity Falls to Record Low

by Calculated Risk on 12/06/2007 12:14:00 PM

The Fed released the Q3 Flow of Funds report today.

Homeowner equity declined by $128 Billion in Q3 as appreciation slowed (why didn't assets decline?) and equity withdrawal was still strong.

Homeowner percent equity fell to a record low of 50.4% (this includes the almost 1/3 of homeowners with no mortgage). I'll have more this afternoon.