CoreLogic: Despite Pandemic, Homeowners Gain $620 Billion in Equity

CoreLogic, Irvine, Calif., said its 2nd Quarter Home Equity Report shows U.S. homeowners with mortgages—which account for 63% of all properties—have seen their equity increase by 6.6% year over year. This represents a collective equity gain of $620 billion and an average gain of $9,800 per homeowner from a year ago.

Home Equity Up; Negative Equity Down

Two recent reports show equity-rich properties have increased strongly this year, while the number of properties with negative equity continue to fall.