2008-03-06 — thetruthaboutmortgage.com
``Homeowners’ percentage of equity fell to 47.9 percent in the fourth quarter of 2007, compared to equity of 50.5 percent in the fourth quarter a year ago.'' (According to the Federal Reserve).
CalculatedRisk has a good followup on this in Households with Mortgages: Percent Equity Close to 30%.
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