Out of all homes with a mortgage, the nationwide negative equity share was 4.2% in Q4 2018, according to the latest CoreLogic Equity Report, down over 20 percentage points from the 26% peak recorded in Q4 2009.

The total equity in mortgaged real estate rose by about $678 billion in Q4 2018 from Q4 2017, an 8.1% annual increase. While this is the lowest annual equity increase since Q2 2016, equity still hit a new high in the last quarter, with $5.5 trillion gained over the last seven years. The total number of underwater properties fell by 351,000 from Q4 2017 to Q4 2018.

Nevada’s 3.7-percentage-point decrease in negative equity between Q4 2017 and Q4 2018 represented the nation’s largest year-over-year decline, and the drop from a high of 72.7 percent in Q1 2010 to 4.3 percent in Q4 2018 represented the largest decline from the peak.

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