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MY REAL ESTATE BLOG
Why Prices Aren’t Crashing Yet
🏡 Mortgage debt is at an all-time high. So naturally, many people wonder: "Doesn't that mean home prices are headed for a crash?" Here's the part most headlines leave out 👇 While U.S. homeowners owe about $14 trillion in mortgage debt, American homes are worth approximately $48 trillion. That means homeowners collectively hold about $34 trillion in equity. In simple terms, for every $1 of mortgage debt, there is roughly $2.40 of equity backing it. 💡 That's an important dif
2 days ago2 min read
Couresy of MYKCM
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