In late 2011 and early 2012 — the peak of the housing crisis — a whopping 31% of Americans with a home loan owed more on their mortgages than their homes were worth.
But the real estate market has slowly been recovering since then, and according to recently released data from Zillow, the number of Americans with negative equity has fallen to 9.1% — less than a third of what it was during the housing crisis and the first time it’s dipped below 10% since the market bottomed out in 2012.
With such a low percentage of homeowners carrying negative equity in their homes — and with prices across the country at an all-time high thanks to low inventory — there’s never been a better time to sell your home, pay off your mortgage, and walk away with a substantial profit.
