Your inside source for real estate, development and construction information serving the counties of Mecklenburg, Union & Iredell VOLUME 97 NUMBER 101 ■ MECKTIMES.COM
Part of the
TUESDAY, SEPTEMBER 14, 2021 ■ $2.00
network
ENNICO: Murphy’s Law and the Entrepreneur Page 6
Alliance Residential Company Opens Broadstone Ayrsley, Latest Addition To Walkable Charlotte Mixed-use Community Page 2
Construction Employment Lags Or Matches Pre-pandemic Level In 101 Metro Areas Page 3
Inside Tract Page 4
Study Interests, but Pursue Passion Page 5
Asian stocks rise ahead of central bank meetings Page 7
Homeowner Equity Surges Across U.S. During Second Quarter In Yet Another Sign Of A Healthy Housing Market ATTOM, curator of the nation’s premier property database, today released its second-quarter 2021 U.S. Home Equity & Underwater Report, which shows that 34.4 percent of mortgaged residential properties in the United States were considered equity-rich in the second quarter, meaning that the combined estimated amount of loans
secured by those properties was no more than 50 percent of their estimated market value. The portion of mortgaged homes that were equity-rich in the second quarter of 2021 – one in three–was up from 31.2 percent in the first quarter of 2021 and from 27.5 percent in the second quarter of 2020.
The report also shows that just 4.1 percent of mortgaged homes, or one in 24, were considered seriously underwater in the second quarter of 2021, with a combined estimated balance of loans secured by the property at least 25 percent more than the
PLEASE SEE ATTOM ON PAGE 7
“The huge home-price jumps over the past year that helped millions of sellers earn big profits also kicked in big-time during the second quarter for other owners who saw their typical equity improve more than at any time in the last two years.” Todd Teta, Chief product officer with ATTOM
Story, page 7