Found 3 blog entries tagged as Homeowners.

New York Ranks 10th in “Equity-Rich” Homeowners

Equity Rich Homeowners by State

We’ve been talking a lot about equity lately, and if you’re a homeowner, it might be one of your favorite subjects. It’s also a big reason why all-cash purchases are on the rise. New York ranks second in the country, with 40.4% of recent home sales made in cash. But even among those with mortgages, nearly half (46.2%) are considered “equity-rich”, meaning they owe less than half of their home’s current value, according to ATTOM’s latest report. New York remains hot, rolling in at 10th place with 54.1% equity-rich mortgages.

States with the biggest year-over-year equity gains include:

  • Connecticut: up from 42.2% to 48.0%

  • New York: up from 49.1% to…

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The Equity Effect: How Homeowners Use Gains to Upsize, Invest, or Refinance

If you own a home in Westchester County chances are you’re sitting on a historic amount of equity. Since 1995, New York property values have surged by an incredible 284%, and in Westchester County, values jumped more than 30.8% just since March 2020. According to the June 2025 Mortgage Monitor from ICE Mortgage Technology, U.S. homeowners are accessing their equity at the highest levels since 2008. Here’s where that equity might be going:

  • Helping Families Buy Homes: Bank of America reports that 49% of Gen Z buyers received help from family.

  • Home Improvements: Many homeowners are choosing to renovate rather than move due to…

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