CoreLogic’s latest Equity Report revealed that ninety-one thousand residential properties regained equity in the First Quarter of 2017. The outlook for 2017 remains positive as well, as an additional 600 thousand properties will regain equity if home prices rise another 5% this year.
The study also revealed that:
- Roughly 63% of all homeowners have seen their equity increase since Quarter 1 in 2016
- The average homeowner gained about $14,000 in equity between Quarter 1 in 2016 and Quarter 1 in 2017
- Only 1.6% of residential properties are near-negative equity
Below is a map showing the percentage of homes with a mortgage, in each state, that have positive equity. (The states in gray have insufficient data to report.)
Story taken from "Keeping Current Matters", to read the rest of the story click here.
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