Though U.S. homeowners overall have an average of $40,000 in equity in their property, there’s a slice of the population faring much worse than everyone else.
“Those who bought their homes [in 2005 to 2007] have gained almost no equity in that time, an average of just $3,000 o 1 percent,” Jessica Lautz, the National Association of Realtors’ managing director of survey research and communication told MarketWatch.
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