The Real Deal New York

US housing values soar in 2013, boosting owners’ equity stake

As housing market sees a record rebound, more than 3M owners move to positive equity status
By Kenneth R. Harney | January 21, 2014 10:30AM

From the January issue: The biggest story in American real estate in 2013 hasn’t gotten the attention it deserves, so let’s shout this out: Homeowners’ net equity holdings soared by $2.2 trillion between the third quarter of 2012 and the third quarter of last year, according to new data collected by the Federal Reserve. [more]