According to a report just released by ATTOM Data Solutions, 16.9% of the homeowners in St Louis with a mortgage are “equity-rich”, meaning their loan balance is 50% or less of their home’s estimated value. As the table below illustrates, this is an increase from 15.8% during the 2nd quarter as well as the 1st quarter of this year.
St Louis increase in equity surpassed the U.S. average but fell behind Kansas City and Chicago…
As the table below shows, during the past 2 years, the percentage of equity-rich homeowners in St Louis increased from 16.0% to 16.9%, an increase of nearly 6%. However, in Kansas City, the rate went from 12.0% to 21.0%, an increase of 75% and in Chicago from 15.0% to 16.8% for an increase of 12%. Nationally, however, the rate increase just 1% during the same period, from 23.4% to 25.7%.
St Louis Equity-RIch Homeowners 3rd Quarter 2018
