Insight
Homeowner equity is massive, with 40% of homes having no mortgage, the highest down payment percentage in the 21st century, and a total LTV of 45.1% compared to 85% in 2008.
Don’t fall for a fake foreclosure crisis
Summary
Reports of an impending foreclosure crisis are exaggerated. Data shows low new listings and high homeowner equity, unlike the 2008 crisis. Laws like Dodd-Frank also strengthen homeowner financial profiles.
Key takeaway