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HOME EQUITY DIPS SLIGHTLY DURING FIRST QUARTER BUT REMAINS NEAR HISTORIC HIGHS

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Proportion of homes considered equity-rich drops to 46.2 percent quarter-over-quarter; Rate of seriously underwater homes ticks up slightly

IRVINE, Calif., May 8, 2025 /PRNewswire/ — ATTOM, a leading curator of land, property data, and real estate analytics, today released its first quarter 2025 U.S. Home Equity & Underwater Report, which shows that 46.2 percent of mortgaged residential properties in the country were considered equity-rich in the first quarter, meaning the combined estimated amount of loan balances secured by those properties was no more than half of their estimated market value.

The proportion of equity rich homes was down from 47.7 percent in the fourth quarter of 2024 and has dropped each quarter since a peak of 49.2 percent in the second quarter of last year. The rate is still historically high, however, and nearly double what it was in the first quarter of 2020.

The percent of seriously underwater homes nationwide—those where the combined estimated balance of loans secured by the property is at least 25 percent more than the property’s estimated market value—ticked up from 2.5 percent in the fourth quarter of 2024 to 2.8 percent in the first quarter of 2025.

“Home equity rates are near their highest points in recent years and the dip we’ve seen early this year in the proportion of equity-rich homes shouldn’t cause too much concern,” said Rob Barber, CEO for ATTOM. “In each of the two previous years, the first quarter marked the lowest point of the year before the proportion of equity-rich homes shot back up in the second quarter.”

Equity-rich rates fell in 47 states quarterly but majority of states still up annually
The drop in the proportion of equity-rich homes was spread across most of the country. The rate fell in 47 states and the District of Columbia between the fourth quarter of 2024 and the first quarter of 2025. However, It was still up in 33 states and D.C. compared to the same time last year, a reminder that this dip comes amid a historically strong housing market.

The states with the largest annual increase in the proportion of equity rich homes were Connecticut (up from 42.2 percent in the first quarter of 2024 to 48 percent in the first quarter of 2025), New York (up from 49.1 to 54.1 percent). New Jersey (up from 47.1 to 52.1 percent), Rhode Island (up from 55 percent to 59.8 percent), and Kentucky (up from 28.7 percent to 33.3 percent).

The biggest annual decreases in equity-rich homes were in Florida (down from 54.4 percent in the first quarter of 2024 to 49.3 percent in the first quarter of 2025), Utah (down from 54 percent to 50.7), Arizona (down from 52.9 percent to 49.8 percent), Washington (down from 54.2 to 51.3 percent), and Colorado (down from 48.4 to 45.8 percent).

Proportion of seriously underwater homes remains steady and low
The nationwide proportion of mortgaged homes considered seriously underwater has remained steady between 2 and 3 percent since early 2023. At 2.8 percent of homes in the first quarter of 2025, the rate is less than half of what it was during the first quarter of 2020 (6.6 percent).

The proportion of seriously underwater homes increased quarterly in 48 states and D.C but only 25 states and D.C. saw their underwater rates go up compared to the same time last year.

The biggest year-over-year increases in seriously underwater rates were in Kansas (up from 2.9 percent in the first quarter of 2024 to 4.7 percent in the first quarter of 2025), Utah (up from 2.1 percent  to 2.6 percent), South Carolina (up from 3.3 percent to 3.8 percent), Nebraska (up from 3.7 percent to 4.1 percent), and South Dakota (up from 3 percent to 3.4 percent).

The states with the largest year-over-year drops in seriously underwater rates were Wyoming (down from 8.8 percent in the first quarter of 2024 to 2.5 percent in the first quarter of 2025), West Virginia (down from 5.4 percent to  4.2 percent), Kentucky (down from 8.3 percent to 7.3 percent), Louisiana (down from 11.3 percent to 10.5 percent), and Oklahoma (down from 6.1 percent to 5.5 percent).

Northeast and West have highest equity-rich rates
Six of the 10 states with the highest proportion of mortgaged homes considered equity-rich in the first quarter of 2025 were in the Northeast while the remaining four were in the West.

The states with the highest equity-rich rates were Vermont (85.8 percent), New Hampshire (60.5 percent), Rhode Island (59.8 percent), Montana (59.4 percent), and Maine (58.9 percent).

The states with the lowest equity-rich rates were Louisiana (20.3 percent), Maryland (31.4 percent), Illinois (31.5 percent), Alaska (31.7 percent), and North Dakota (31.9 percent).

Among the 110 metropolitan statistical areas with populations over 500,000 in our analysis, the markets with the highest equity-rich rates were San Jose, CA (68.2 percent); Los Angeles, CA (64 percent); San Diego, CA (63 percent); Portland, ME (61.5 percent); and Miami, FL (59.5 percent).

Quarter-over-quarter, the proportion of equity-rich homes decreased in 99 out of the 110 large markets (90 percent). Compared to the same time last year, it fell in 56 of those 110 markets (51 percent).

Midwest counties lead the way in share of equity-rich homes
Among the 1,751 counties with at least 2,500 homes with a mortgage in the first quarter of 2025, 13 of the 15 counties with the highest equity-rich rates were in Michigan, Wisconsin, or Vermont.

The counties with the highest equity rich rates were Chittenden County, VT (91.3 percent); Marquette County, MI (89.8 percent); Benzie County, MI (88.7 percent); Portage County, WI (88.6 percent); and Manistee County, MI (88 percent).

The lowest equity-rich rates were concentrated in the South, with nine of the 15 counties with the smallest proportion of equity-rich homes falling in Louisiana. The counties with the lowest rates were Vernon, LA (6.3 percent); Iberville County, LA (8.3 percent); Long County, GA (9.8 percent); Ascension County, LA (9.9 percent); and Acadia County, LA (10.9 percent)

In 37 percent of zip codes the majority of homes were equity-rich
More than half of all mortgaged homes were considered equity rich in 3,418 (37 percent) of the 9,144 zip codes that had at least 2,000 homes with mortgages in the first quarter of 2025.

Nearly half of the 50 zip codes with the highest proportions of equity rich homes were in California. The zip codes with the highest equity-rich rates were 49855 in Marquette, MI (91.66 percent); 92657 in Newport Coast, CA (85.75 percent); 57702 in Rapid City, SD (85.64 percent); 94024 in Los Altos, CA (84.80 percent); and 92620 in Irvine, CA (84.51 percent)

South and Midwest have highest proportion of seriously underwater homes
Eighteen of the 20 states with the highest percentage of seriously underwater homes were in the South and Midwest. The states with the highest rates of seriously underwater homes were Louisiana (10.5 percent), Kentucky (7.3 percent), Mississippi (6.6 percent), Arkansas (5.8 percent), and Iowa (5.7 percent).

The states with the smallest proportion of seriously underwater homes were Vermont (0.7 percent), Rhode Island (1 percent), New Hampshire (1.1 percent), Massachusetts (1.2 percent), and Hawaii (1.3 percent).

Among the 110 large metro areas with populations over 500,000 in our analysis, those with the largest shares of seriously underwater homes were Baton Rouge, LA (11.9 percent); New Orleans, LA (7.3 percent); Toledo, OH (7 percent); Jackson, MS (6.3 percent); and Memphis, TN (6.2 percent).

More than 10 percent of residential mortgages seriously underwater in just a small percentage of zip codes
More than a tenth of homes were seriously underwater in 218 (2.4 percent) of the 9,144 zip codes with at least 2,000 homes under mortgage in the first quarter of 2025.

The zip codes with the largest shares of seriously underwater homes were 41501 in Pikeville, KY (31.1 percent); 70805 in Baton Rouge, LA (31 percent); 19132 in Philadelphia, PA (30 percent); 71446 in Leesville, LA (27.64 percent); and 60649 in Chicago, IL (26.24 percent).

Report methodology   
The ATTOM U.S. Home Equity & Underwater report provides counts of properties based on several categories of equity — or loan to value (LTV) — at the state, metro, county and zip code level, along with the percentage of total properties with a mortgage that each equity category represents. The equity/LTV is calculated based on record-level loan model estimating position and amount of loans secured by a property and a record-level automated valuation model (AVM) derived from publicly recorded mortgage and deed of trust data collected and licensed by ATTOM nationwide for more than 155 million U.S. properties. The ATTOM Home Equity and Underwater report has been updated and modified to better reflect a housing market focused on the traditional home buying process. ATTOM found that markets where investors were more prominent, they would offset the loan to value ratio due to sales involving multiple properties with a single jumbo loan encompassing all of the properties. Therefore, going forward such activity is now excluded from the reports in order to provide traditional consumer home purchase and loan activity.

Definitions
Seriously underwater: Loan to value ratio of 125 percent or above, meaning the property owner owed at least 25 percent more than the estimated market value of the property.

Equity-rich: Loan to value ratio of 50 percent or lower, meaning the property owner had at least 50 percent equity. 

 About ATTOM  
ATTOM powers innovation across industries with premium property data and analytics covering 155 million U.S. properties—99% of the population. Our multi-sourced real estate data includes property tax, deed, mortgage, foreclosure, environmental risk, natural hazard, neighborhood and geospatial boundary information, all validated through a rigorous 20-step process and linked by a unique ATTOM ID.

From flexible delivery solutions—such as Property Data APIs, Bulk File Licenses, ATTOM Cloud, Real Estate Market Trends—to AI-Ready datasets, ATTOM fuels smarter decision-making across industries including real estate, mortgage, insurance, government, and more.

Media Contact:
Megan Hunt
Megan.hunt@attomdata.com

Data and Report Licensing:
949.502.8313

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In HelloNation, Custom Fabrication Expert Mark Coyle Explains a Common Mistake in Custom Aluminum Design

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6 minutes ago

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October 24, 2026

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The article explains why smart geometry, not thicker walls, creates stronger, more efficient aluminum components.

ROCHESTER, N.Y., Oct. 24, 2026 /PRNewswire/ — What early design choice causes many custom aluminum projects to become heavier, costlier, or harder to manufacture? That question is addressed in a HelloNation article featuring insights from Custom Fabrication Expert Mark Coyle of American Custom Metals, Inc. in Rochester, New York, that outlines how misunderstanding aluminum behavior leads designers to rely on thick walls instead of stronger geometry.

The article begins by explaining that many people assume thicker walls automatically make aluminum parts stronger. It notes that aluminum does not respond to wall thickness the way steel does. Instead, its performance is shaped by how the metal flows through the extrusion die. The article states that custom aluminum design is more effective when profiles use ribs, chambers, and flanges to create stiffness without adding unnecessary weight. This guidance helps readers understand why adding material often increases cost without improving strength.

The article also highlights that thicker walls change how aluminum moves during extrusion. When heavy areas fill more slowly, the metal cools unevenly and can develop stress that only appears later. The HelloNation piece explains that well-balanced geometry keeps extrusion smooth and predictable. This consistency makes it easier to maintain dimensional accuracy across long production runs. By focusing on geometry, custom aluminum design avoids the problems that come with slow extrusion speeds and uneven cooling.

Another insight in the article centers on how ribs and internal supports influence stability. It describes how a thin wall supported by a properly placed rib often performs better than a thick wall with no reinforcement. This happens because the rib helps distribute load, improve stiffness, and guide the aluminum as it cools. The article explains that this structural approach makes custom aluminum design more efficient and gives designers more control over how the final part behaves under pressure.

The article also shows why early collaboration between designer and fabricator prevents costly changes. It states that a fabricator familiar with extrusion can catch potential issues before a die is built. Small adjustments to corners or transitions can remove weak points or improve metal flow. The article notes that this teamwork keeps the design aligned with real-world production. By working together early, both sides reduce the risk of redesigning the die after the first test run.

Machining is another area where the article explains how wall thickness affects performance. Features such as deep pockets or sharp internal angles may require slow feed rates or special tooling. When walls are thicker than needed, those areas can become difficult to machine cleanly. The article states that thoughtful custom aluminum design makes machining more predictable. Small changes, such as adding radiused edges or sizing features to match standard tools, help shorten cycle times and prevent tool wear.

Thermal behavior receives detailed attention as well. The article explains that aluminum retains heat differently depending on the mass of each section. Thicker walls hold heat longer, which increases the chance of distortion during extrusion, machining, or finishing. When a design uses geometry to create strength, the material cools more evenly. This reduces warping and helps long profiles stay aligned. The article notes that stable cooling is important for components that require a precise fit and consistent shape throughout an entire production run.

Cost is also a key topic in the article. It states that heavier profiles increase material use, extrusion time, and tooling needs. A custom aluminum design that relies on geometry instead of mass lowers material consumption and keeps the fabrication process efficient. The article explains that lighter parts are easier to handle, ship, and assemble. This saves money across multiple stages of production and supports long-term manufacturing efficiency.

The article also notes that smart custom aluminum design creates profiles that behave predictably during extrusion and machining. Smooth transitions, balanced wall dimensions, and structural features help reduce the chance of distortion or dimensional drift. These elements also lower scrap rates and support reliable performance. By using geometry instead of excess material, designers build parts that maintain strength without compromising manufacturability.

As the article concludes, it emphasizes that avoiding thick walls is one of the best ways to improve performance and lower cost. It states that the most dependable custom aluminum components come from designs that use structural features to strengthen the profile. When designers understand how aluminum behaves at each stage of extrusion and machining, they create parts that are strong, efficient, and consistent from batch to batch. This approach turns custom aluminum design into a predictable process rather than a series of uncertain adjustments.

A Common Mistake in Custom Aluminum Design features insights from Mark Coyle, Custom Fabrication Expert of Rochester, NY, in HelloNation.

About HelloNation
HelloNation is America’s Good News Network, a premier media platform built on the idea that good news travels faster when real people tell real stories. Through its community-focused publications and innovative “edvertising” approach, HelloNation delivers content that informs, inspires, and spotlights the leaders making a meaningful impact in their communities.

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World Young Scientist Summit 2026 Opens in Wenzhou, Zhejiang

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October 24, 2026

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WENZHOU, China, Oct. 24, 2026 /PRNewswire/ — This is a report by China Daily:

On October 24, the World Young Scientist Summit 2026 opened in Wenzhou, Zhejiang. The event is hosted by the China Association for Science and Technology (CAST), the Zhejiang Provincial People’s Government, and the World Association of Young Scientists. Nearly 800 representatives, including scientists, educators, and entrepreneurs from more than 60 countries and regions, are attending the summit.

He Junke, Vice President of CAST in charge of daily work and First Secretary of its Secretariat; Lian Yimin, Chairman and Party Group Secretary of the Zhejiang Provincial Committee of the Chinese People’s Political Consultative Conference; Marcelo Knobel, Executive Director of The World Academy of Sciences; and Zhang Zhenfeng, Member of the Standing Committee of the CPC Zhejiang Provincial Committee and Secretary of the CPC Wenzhou Municipal Committee, attended the summit and delivered remarks. Yao Gaoyuan, Vice Governor of the Zhejiang Provincial People’s Government, presided over the first segment of the plenary session.

With the theme “Gathering Talents Worldwide to Create a Better Future,” the summit’s annual agenda is “Global Youth Action in the AI Era: Building a Sustainable Future.” It aims to draw on the insights of young people around the world, deepen international sci-tech cooperation, and jointly address questions about young people, science, the world and the future.

Efim Zelmanov, Fields Medalist and Foreign Member of the Chinese Academy of Sciences; Chen Yunji, Deputy Director of the Institute of Computing Technology, CAS, and Director of the National Key Laboratory of Processor Chips; Mary Garson, President of the International Union of Pure and Applied Chemistry; and Lu Chaoyang, Member of the Standing Committee of CAST, Executive Dean of the Shanghai Institute of Advanced Study, University of Science and Technology of China, and Chairman of the Council of the World Association of Young Scientists, delivered keynote speeches respectively on education reform in the AI era, AI and processor chips, young women scientists’ participation in science, and quantum computing. They explored new opportunities for scientific research, talent cultivation, and international cooperation in the AI era.

This year’s summit placed greater emphasis on the growth needs of young scientists, with young talents under the age of 45 accounting for 88 percent of participants. It aimed to build a cluster of international journals, bring together young scientific talent, facilitate a batch of international collaborative projects and advance the application and commercialization of scientific and technological achievements. The summit released the Report on the Distribution and Mobility of Young Scientists in the Field of Embodied Intelligence, launched the World Young Scientist Summit Partner Journal Program and the 2026 World Young Scientist Innovation and Entrepreneurship Growth Support Program. It also published the “Young Scientist Pioneers 2035” list and announced the 2026 Sustainable Development Young Scientist Award. The awards were presented to four Chinese and foreign scientists.

Chen Tianrun, Founder of Hangzhou Moxin Technology Co., Ltd.; Yuan Yang, Assistant to the Dean of the Institute for Interdisciplinary Information Sciences at Tsinghua University; and two of the 2026 Sustainable Development Young Scientist Award winners, César de la Fuente and Nicola Segata, among other Chinese and foreign young scientist representatives, spoke at the flash-talk session to share their research practices and reflections.

In addition, the conference focused on fields such as future manufacturing, quantum information, embodied intelligence, brain-computer intelligence, environmental science, deep-sea resources, and life and health, and held 12 parallel forums. It also included the “Gravitation π” Future Technology and Concept Products Exhibition and Exchange, local thematic side events, and sci-tech and humanities study visits, further building an interdisciplinary, cross-regional and cross-sector platform for youth sci-tech exchange and cooperation.

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SOURCE China Daily

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The Ultimate Send-off to Summer: CSTS Debuts Global Entertainment IP PremierX at New York’s Pier 17, Ushering in a New Era of Live Entertainment

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October 24, 2026

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NEW YORK, Oct. 24, 2026 /PRNewswire/ — CSTS Enterprises (‘CSTS’), a New York-based sports, entertainment, integrated media and travel technology group, today announced the official launch of PremierXTM, its flagship live entertainment brand, with a landmark Halloween Weekend event “AFTER DARK” at The Rooftop at Pier 17 in New York on October 30, 2026.

Capping off Seaport’s 2026 Summer Season in unforgettable fashion, the grand finale brings a powerhouse lineup of stars to the PremierXTM stage at Pier 17, featuring Lil Xan, Armani White, DJ Soda, Nate Wyatt, and surprise A-list guest headliners. Set against the iconic Manhattan skyline, the landmark eventing unites chart-topping hip-hop and high-octane electronic music for a festival-grade experience as The Rooftop at Pier 17 transforms into the city’s premier live music destination.

Building on the momentum of the PremierXTM After Party for the 2026 World Cup Final that took place in New York on July 19th, “AFTER DARK” signals the official debut of PremierXTM, a proprietary, New York – born global entertainment IP created by CSTS to deliver defining cultural experiences at the intersection of music, sport, art and lifestyle. Centred on the power of cultural crossover, PremierXTM serves as an international bridge connecting East and West, modern innovation and timeless classical, while uniting world-class artists, creators, performers and audiences through the universal language of entertainment and premium live experiences.

The launch also marks the beginning of a promising relationship with Pier 17, providing a world-class stage for PremierXTM to accelerate its growth in the U.S. and engage international audiences over the long term. By combining PremierXTM’s global entertainment vision with Pier 17’s iconic waterfront setting, the partnership aims to create a premier destination for live experiences, empowering both platforms to expand their global reach, deepen audience engagement, and drive sustainable growth.

As a key pillar of CSTS’ integrated ecosystem spanning entertainment, sports, travel, integrated media and marketing solutions, PremierXTM further strengthens the Group’s ability to create high-impact experiences that connect audiences, destinations and brand partners. With the global live entertainment market projected to grow from approximately US$203 billion in 2025 to US$270 billion by 2030[1], PremierXTM is well-positioned to capitalize on the growing demand for premium, experience-led entertainment while creating long-term value to the Group through recurring audience engagement, tourism and brand partnerships.

“PremierX TM represents a significant milestone in CSTS’ evolution from a leading operator of global sports and hospitality platforms into a creator of world-class entertainment experiences,” said Abel Zhao, Group CEO and Executive Director at CSTS Enterprises. “The season finale at Pier17 marks the beginning of an exciting new chapter for CSTS as we expand our entertainment footprint and introduce a platform designed to deliver iconic live experiences and bring together artists and audiences from across the globe.”

“PremierXTM was built from the ground up as a bespoke platform to champion multicultural talent and visionary creative performers.” said Jason Liu, Regional Director of CSTS USA. “Starting from New York, we are building a scalable global brand that brings iconic live experiences to audiences worldwide while expanding our presence across key entertainment hubs in North America, Asia and Europe.”

Following its New York launch, PremierXTM plans to expand through a broader international rollout across North America, Asia and Europe, with future editions planned as part of a growing network of recurring live entertainment properties and flagship cultural events.

For ticket information on PremierXTM: “AFTER DARK”, visit
https://www.axs.com/events/1644912/after-dark-tickets

About CSTS Enterprises

CSTS Enterprises is an integrated media, entertainment, sports, and travel technology group. Headquartered in New York City, the company develops and partners with intellectual properties and brands to deliver compelling experiences that connect with audiences across the world. In addition to its own initiatives, including Generation CTM and PremierXTM, it collaborates with international IPs including FIFA World Cup, UEFA European Championship, and Formula 1.

CSTS integrates experiential marketing, travel, data, and technology to deliver seamless end-to-end audience experiences. The company engages consumers across physical events and digital channels, executing at scale worldwide, turning complex activations into co-ordinated, measurable outcomes.

[1] Source: Industry research by Markets and Markets, Live Entertainment Market Size, Share, Latest Trends & Growth Analysis, 2025-2030, Live Entertainment Market Size, Share, Latest Trends & Growth Analysis, 2025-2030.

 

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SOURCE CSTS Enterprises

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