CoreLogic, Irvine, Calif., said U.S. homeowners with mortgages saw their equity increase by 16.2% year over year, representing a collective equity gain of more than $1.5 trillion, and an average gain of $26,300 per homeowner, from a year ago.
CoreLogic, Irvine, Calif., said its year-end Loan Performance Insights Report showed overall mortgage delinquency rates fell for the fourth straight month in December, ending a volatile year with signs of recovery.
Ahead of this Thursday’s 4th Quarter National Delinquency Report from the Mortgage Bankers Association, CoreLogic, Irvine, Calif., said new November mortgage delinquencies fell below pre-pandemic levels and, while serious delinquencies fell to their lowest levels since June.
CoreLogic, Irvine, Calif., said on a national level, 6.1% of mortgages were in some stage of delinquency (30 days or more past due, including those in foreclosure) in October, a 2.4-percentage point increase from a year ago, when it was 3.7%.
CoreLogic, Irvine, Calif., said its November U.S. Home Price Index saw its largest annual appreciation since March 2014. The report said nationally, home prices increased by 8.2% in November from a year ago. On a month-over-month basis, home prices increased by 1.1% from October.
CoreLogic, Irvine, Calif., said U.S. homeowners with mortgages saw their equity increase by 10.8% year over year in the third quarter—a collective equity gain of $1 trillion and an average gain of $17,000 per homeowner.