Homeowner Equity Rose $1 Trillion Over The Last 12 Months

The total amount of equity in mortgage real estate rose by $1 trillion year-over-year in Q1 2018, according to the latest CoreLogic Equity Report. This represents an increase of 13.3%. Homeowner equity has more than doubled over the last five years, rising by $4.4 trillion from Q1 2013 to Q1 2018.

The national negative equity share for Q1 2018 was 4.7%, down from a peak negative equity share of 26% in Q4 2009. Over the past 12 months, 640,000 mortgage borrowers have moved into positive equity.

At the state level, only two states registered a YOY increase in negative equity in Q1 2018 – Wyoming at 0.1% and New York at 0.9%. Nevada had the largest YOY decline in negative equity by far at -5.5%, and has experienced the steepest drop in peak negative equity from 72.7% in Q1 2018 to 6.8% in Q1 2018.