CoreLogic Reports the Negative Equity Share Fell to 4.1% in the
CoreLogic Reports the Negative Equity Share Fell to 4.1% in the First Quarter of 2019
- 17,000 residential properties regained equity in the first quarter of 2019
- The average homeowner gained $6,400 in home equity during the last year
- 2.2 million residential properties with a mortgage were in negative equity in the first quarter 2019
IRVINE, Calif. — (BUSINESS WIRE) — June 6, 2019 — CoreLogic® (NYSE: CLGX), a leading global property information, analytics and data-enabled solutions provider, today released the Home Equity Report for the first quarter of 2019. The report shows that U.S. homeowners with mortgages (which account for roughly 63% of all properties) have seen their equity increase by 5.6% year over year, representing a gain of nearly $485.7 billion since the first quarter of 2018.
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CoreLogic Q1 2019 Negative Equity Share for Select Metropolitan Areas (Graphic: Business Wire)
The average homeowner gained $6,400 in home equity between the first quarter of 2018 and the first quarter of 2019. Some states saw much larger gains. In Nevada, homeowners gained an average of approximately $21,000. In Idaho, homeowners gained an average of approximately $20,700...