Americans flush with cash as they
regain equity in their homes are spending more after years of
pinching pennies.
The share of owners whose homes are worth at least 50
percent more than they owe on their mortgages rose to 18 percent
in the fourth quarter as property prices gained, up from 16
percent in the prior three months, according to a report today
by RealtyTrac, an Irvine, California-based real estate data
firm. U.S. homeowners held $9.7 trillion of equity in the third
quarter, a 4.5 percent gain from the earlier period, according
to the Federal Reserve.Read More ....
No comments:
Post a Comment