The amount of equity in mortgaged single-family real estate increased by $908 billion in 2017, according to the latest CoreLogic Equity report released Thursday. This is an annual increase of 12.2%, CoreLogic reports.
Homeowner equity has more than doubled in five years, increasing by $4.5 trillion from Q4 2012 to Q4 2017. The nationwide negative equity share for Q4 2017 was 4.9 percent of all homes with a mortgage, more than 20 percentage points lower than the peak negative equity share – 26 percent – recorded in Q4 2009.
In addition, the report found that 675,000 borrowers moved from negative to positive equity in 2017. Nevada recorded the largest decrease in negative equity share between the fourth quarter of 2016 and the fourth quarter of 2017, falling 5.5%. Out of all states, only Oklahoma, Louisiana, and New York registered increases of 0.1%, 0.2%, and 0.8%, respectively.
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