by Calculated Risk on 9/20/2018 02:01:00 PM
Thursday, September 20, 2018
From CoreLogic: Homeowner Equity Q2 2018
CoreLogic analysis shows U.S. homeowners with mortgages (roughly 63 percent of all properties) have seen their equity increase by a total of nearly $981 billion since the second quarter 2017, an increase of 12.3 percent, year over year.CR Note: A year ago, in Q2 2017, there were 2.8 million properties with negative equity - now there are 2.2 million. A significant change.
Homeowners Emerge from the Negative Equity Trap: In the second quarter 2018, the total number of mortgaged residential properties with negative equity decreased 9 percent from the first quarter 2017 to 2.2 million homes, or 4.3 percent of all mortgaged properties. Compared to the second quarter 2017, negative equity decreased 20.1 percent from 2.8 million homes, or 5.4 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 9/20/2018 02:01:00 PM