US Home Equity Declines to All Time Lows, the Home Ownership Accelerator Program Offers Home Owners Hope

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Published: Monday, April 07, 2008

In a recent study by the US Federal Reserve, the percentage of home equity has fallen below 50%. Not since 1945 have US home owners experienced such a depreciated value in their home's value verses their mortgage debt.

Looking back in 2007, the Central Bank reported that home equity slipped to 49% and has continued to decline to less than 47% through 2008 causing the total value of American home owner's equity to fall to an all time low.

Home equity is the positive home market value minus the mortgage debt owned on the home. While home prices jumped early on this decade, the surge of home owners tapping into their home equity through cash-out mortgage refinances has contributed to the steady decline in equity.

US Economists expect home equity to continue fall increasingly worse with the continued rise in bank foreclosures. An estimated 10% of home owners will have negative equity and real estate market trends indicate more than 15% of home owners will be upside down should home sale prices fall 20% from the 2005-06 market highs.

In spite of these difficult times it is still possible to not only increase your home's equity but, pay your mortgage off early through the incredible Home Ownership Accelerator program. This new concept of early mortgage payoff can save home owners hundreds of thousands in interest, quickly increases home equity and is the core of home ownership acceleration.

Visit "Home Ownership Accelerator" to learn more about this fantastic program that is helping thousands of Americans eliminate mortgage in half the time and increase their home equity value.