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25 Apr, 2024

Home inequity: Study finds income, job rut for millions in U.S.

August 27, 2020 sarah JonasResearch Results

At a time when evictions and mortgage defaults have been likened to an oncoming tsunami across America, a big-data study of loan-to-value ratios in the wake of the 2007-08 recession carries a cautionary forecast for vexing economic weather ahead:The higher a worker’s outstanding mortgage relative to their home value, the worse their future income growth and job mobility.