CoreLogic, Irvine, Calif., said homeowners with mortgages (which account for roughly 63% of all properties) saw equity slow to a 7.3% increase year over year, representing a collective gain of $1 trillion, for an average of $14,300 per borrower, from one year ago.
Tag: Underwater
The Pendulum Swings Back: Homeowners 4X Likely to be Equity-Rich than Seriously Underwater
In another sign of the times that the housing market—and homeowners—have largely recovered, ATTOM Data Solutions, Irvine, Calif., said equity-rich properties now outnumber seriously underwater properties by a four-to-one margin.