The value of American homeowners’ equity holdings – market value of homes minus the home loans – increased by nearly $2.1 trillion in 2013 to nearly $10 trillion. In addition nearly 4 million homeowners were able to rise above the negative equity of their homes thanks largely to increasing prices. According to the latest research, nearly 43 million owners with mortgage debt have positive equity. however, approximatelyly 6.5 million owners are still in negative equity positions, which, however, is down dramatically from more than 10 million a year ago and 12 million in 2009.
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