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CoreLogic is also reporting that home equity grew by $726 billion from the third quarter of 2015 to this year’s third quarter, a 10.8 percent spike. Mortgaged residential properties with negative equity stood at 3.2 million, or 6.3 percent of all homes with a mortgage, down by 10.7 percent quarter-over-quarter and a 24.1 percent year-over.
Home equity for all homeowners (with and without mortgages) grew by $726 Billion, a year-over-year increase of 10.8%. Additionally, 384,000 borrowers moved out of negative equity. To date, 93.7% of all mortgaged properties are homes with positive equity, approximately 48 Million homes.
Home Equity Jumps to $726 Billion. February 7, 2017. Recent data from CoreLogic revealed an risein positive home equity across the nation. The number of negative-equity properties has declined as.
CoreLogic, Irvine, Calif., said U.S. homeowners with mortgages (63 percent of all homeowners) saw their equity increase by $227 billion in the third quarter from the previous quarter, an increase of 3.1 percent. Year over year, home equity grew by $726 billion, an increase of 10.8 percent.
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Year over year, home equity grew by $726 billion, representing an increase of 10.8 percent in Q3 2016 compared with Q3 2015. In Q3 2016, the total number of mortgaged residential properties with negative equity stood at 3.2 million, or 6.3 percent of all homes with a mortgage.
Discover Home Equity Loans has reached a milestone by exceeding $1 billion in total loan balance and doubling origination volume each of the last two years. "Reaching the $1 billion milestone.
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