Friday, September 20, 2019

CoreLogic: 2 Million Homes with Negative Equity in Q2 2019

by Calculated Risk on 9/20/2019 09:06:00 AM

From CoreLogic: Homeowner Equity Insights, 2nd Quarter 2019

In the second quarter 2019, the total number of mortgaged residential properties with negative equity decreased 7% from the first quarter 2019 to 2 million homes, or 3.8% of all mortgaged properties. On a year-over-year basis, negative equity fell 9% from 2.2 million homes, or 4.3% of all mortgaged properties, in the second quarter of 2018.

The national aggregate value of negative equity was approximately $302.7 billion at the end of the second quarter of 2019. This is down quarter over quarter by approximately $2.6 billion, from $305.3 billion in the first quarter of 2019.

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.
emphasis added
Click on graph for larger image.

This graph from CoreLogic shows the percent negative equity by states.

On a year-over-year basis, the number of homeowners with negative equity has declined from 2.2 million to 2.0 million.