Info Graphic: Homeowners Taking Equity off the Table

The RealtyTrac U.S. Home Equity and Underwater Report for the first quarter of 2015 showed a slight uptick in the number and percentage of underwater homeowners nationwide between the end of the fourth quarter of 2014 and the end of the first quarter.

That was somewhat puzzling to us give that home prices are continued to rise in most markets in the first quarter — at least on a year-over-year basis, and albeit at a much slower pace than in 2014. But we dug into the numbers and found one at least partial explanation for this is that some equity rich homeowners appear to be taking equity off the table, either by selling or refinancing.

Here’s how that looks in an info graphic:

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