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National Home Equity reaches highest level since 2007

from Reverse Mortgage Daily

Though still healing from the Great Recession, the housing market continues to show positive strides, especially as homeowners’ equity rises to a level not seen since 2007. Nationwide, homeowners’ equity is up nearly $412 billion, or 4.3 percent, in the fourth quarter of 2013 — the highest level since the fourth quarter of 2007, according to the February 2014 edition of the Obama Administration’s Housing Scorecard. more

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