A recent report from CoreLogic, showed that in the first quarter of 2016, 268,000 homeowners regained equity, pushing the total number of mortgaged residential properties with equity to 92%. When compared to last year, nationwide, home equity increased by $762 billion in the first quarter of 2016.
Homes that are still underwater came in at 4 million, or 8% of the market by the end of the first quarter. This is a decrease of 6.2% from last quarter’s 4.3 million, or 8.5% of the market. On a yearly basis, negative equity homes decreased 21.5% from 5.1 million homes, or 10.3% of the market. Read the full Report here:
http://re-insider.com/2016/06/20/corelogic-reports-underwater-homes-8/
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