by Calculated Risk on 3/15/2018 12:54:00 PM
Thursday, March 15, 2018
From CoreLogic: Homeowner Equity Q4 2017
CoreLogic analysis shows U.S. homeowners with mortgages (roughly 63 percent of all properties) have seen their equity increase by a total of $908.4 billion since the fourth quarter 2016, an increase of 12.2 percent, year over year.CR Note: A year ago, in Q4 2016, there were 3.2 million properties with negative equity - now there are 2.5 million. A significant change.
In the fourth quarter 2017, the total number of mortgaged residential properties with negative equity decreased 1 percent from the third quarter 2017 to 2.5 million homes, or 4.9 percent of all mortgaged properties. Compared to the fourth quarter 2016, negative equity decreased 21percent from 3.2 million homes, or 6.3 percent of all mortgaged properties.
Negative equity peaked at 26 percent of mortgaged residential properties in the fourth quarter of 2009, based on the CoreLogic equity data analysis which began in the third quarter of 2009.
Posted by Calculated Risk on 3/15/2018 12:54:00 PM