For Those Who Held On, Equity Has Returned

A new report shows that a borrower who bought a median-priced home in 2004 and held it for nine years – the average tenure in a home – would now have $28,114 in equity (including combined price appreciation and paying down mortgage principle). Home owners who purchased in 2006  and 2007 – during the peak of the market – are “nearly in positive equity” territory.

For Those Who Held On, Equity Has Returned

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