CoreLogic Reports Homeowners with Negative Equity Declines by
CoreLogic Reports Homeowners with Negative Equity Declines by Only 81,000 in the Third Quarter of 2018
- Smallest quarter-to-quarter decline in negative equity since economic recovery began in 2010
- Homeowners had an average annual home equity gain of $12,400 in the third quarter of 2018, the smallest annual increase in eight quarters
- The annual equity gain in the national CoreLogic Home Price Index slowed to 5.4 percent in September, compared with 6.2 percent in June, reflecting slowing price growth
IRVINE, Calif. — (BUSINESS WIRE) — December 6, 2018 — CoreLogic® (NYSE: CLGX), a leading global property information, analytics and data-enabled solutions provider, today released the Home Equity Report for the third quarter of 2018. The report shows that U.S. homeowners with mortgages (which account for roughly 63 percent of all properties) have seen their equity increase by 9.4 percent year over year, representing a gain of nearly $775.2 billion since the third quarter of 2017.
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CoreLogic Q3 2018 Negative Equity Share for Select Metropolitan Areas (Graphic: Business Wire)
Additionally, the average homeowner gained $12,400 in home equity between the third quarter of 2017 and the...