CoreLogic Reports Homeowners with Negative Equity Increased by
CoreLogic Reports Homeowners with Negative Equity Increased by 35,000 in the Fourth Quarter of 2018
- The quarterly increase in negative equity was the first increase in 12 quarters
- The number of owners with negative equity has decreased during the last four quarters by 350,000, or 14 percent
- The average homeowner gained $9,700 in home equity over the last four quarters
IRVINE, Calif. — (BUSINESS WIRE) — March 7, 2019 — CoreLogic® (NYSE: CLGX), a leading global property information, analytics and data-enabled solutions provider, today released the Home Equity Report for the fourth 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 8.1 percent year over year, representing a gain of nearly $678.4 billion since the fourth quarter of 2017.
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CoreLogic Q4 2018 Negative Equity Share for Select Metropolitan Areas. (Graphic: Business Wire)
Additionally, the average homeowner gained $9,700 in home equity between the fourth quarter of 2017 and the fourth quarter of 2018. While home equity grew in almost every state in the nation, western states experienced...