This idiom, coined by John F Kennedy, describes the idea that when an economy is performing well, all people will benefit from it. The rising home values, according to CoreLogic, have helped 1.3 million homeowners lose their "under water" status. That is great news but still a long way from helping all under water home owners.
There are still 10.8 million home owners under water. Nevada (59%), Florida (43%), Arizona (40%), Georgia (36%) and Michigan (33%) are the top five. If we can have values rise 5% then another 2 million home owners will slip the shackles of negative equity.
It is important to remember the real estate is a finite product. Supply will not satisfy demand in the near future.