
According to the survey there were more than 14.5 million equity-rich properties as of the final quarter of 2018, representing 25.6 percent of homes with a mortgage.
In the second and third quarters, California had the highest number of equity-rich homeowners in the U.S., at 43.6 percent. Homeowners in the San Jose metropolitan area remain the most equity-rich, with 72.0 percent classified as such. San Francisco ranks No. 2 for equity riches, at 60.7 percent, followed by Los Angeles at 48.5 percent.
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