"Over the past year, the share of equity-rich homes has eased slightly while the portion of seriously underwater properties has edged up, said Rob Barber, CEO of ATTOM. After several years of strong equity growth that peaked in 2022, homeowner equity levels appear to be stabilizing. The modest fluctuations seen over the last few quarters may suggest a housing market that's finding balance after an extended period of appreciation."
"The share of equity-rich homes rose in 19 states compared to the second quarter and in 11 states on a year-over-year basis. The biggest gains were recorded in Alaska, Illinois, New Jersey, New York and Connecticut. New York's share of equity-rich homes increased from 55.2% in the third quarter of 2024 to 57% in Q3 2025, while New Jersey's share rose from 52% to 53.8%."
"Seriously underwater properties increased in 35 states between the second and third quarters, and in 46 states compared to a year earlier. The largest annualized increases were in the District of Columbia, Maryland, Louisiana, Georgia and Oklahoma. Louisiana remained the most distressed state, with 11.2% of mortgaged homes seriously underwater. Mississippi, Kentucky, Arkansas and Iowa followed with rates between 5.6% and 6.6%."
National homeowner equity levels show modest shifts: the share of equity-rich homes has eased slightly while seriously underwater properties have edged up to 2.8% from 2.7% the previous quarter and 2.5% year earlier. Equity-rich shares increased in 19 states quarter-to-quarter and in 11 states year-over-year, with largest gains in Alaska, Illinois, New Jersey, New York and Connecticut. Florida, Arizona and Colorado recorded steep annual declines. Seriously underwater properties rose in 35 states quarter-to-quarter and in 46 states year-over-year, with Louisiana most distressed at 11.2% and several states near or below 1%.
Read at www.housingwire.com
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