Home sellers in the United States overall have about $40,000 in equity in their property, a median 23% gain from their time of purchase. But one slice of those sellers is faring much worse than everyone else.
MarketWatch staffer Steve Kerch reports on National Association of Realtors research that shows that people who made their purchases during the zenith of the boom, from 2005 to 2007, are still in a hole that it's hard to dig out of. Kerch notes:
That group of homeowners may be reluctant to put houses on the market today, even though they are right at the average tenure of sellers who make a house trade, and that may be adding to existing-home inventory shortages in many cities, Lautz said at the NAR’s annual convention here.