Why does The Miami Herald seem to love reporting doom and gloom about South Florida's real-estate market? In reality, property owners still have record levels of equity.
Homeowners control near-record equity holdings, reaching almost $11 trillion. The second-quarter equity number was down slightly by about $6 billion compared to 2006, but that is a drop in the bucket in an $11 trillion marketplace. The second-quarter equity number was $48 billion higher than it was at the end of 2006.
No comments:
Post a Comment