CoreLogic Reports the Negative Equity Share Fell to 3.8% in the Second Quarter of 2019
- In the second quarter of 2019, 151,000 residential properties regained equity
- The average homeowner gained $4,900 in home equity during the last year
- Two million residential properties with a mortgage were in negative equity in the second quarter of 2019
IRVINE, Calif. — (BUSINESS WIRE) — September 20, 2019 — CoreLogic® (NYSE: CLGX), a leading global property information, analytics and data-enabled solutions provider, today released the Home Equity Report for the second 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 4.8% year over year, representing a gain of nearly $428 billion since the second quarter of 2018.
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Negative Equity Share for Select Metropolitan Areas (Graphic: Business Wire)
The average homeowner gained $4,900 in home equity between the second quarter of 2018 and the second quarter of 2019. States that saw the largest gains include Idaho, where homeowners gained an average of $22,100; Wyoming, where homeowners gained an average of $20,400; and Nevada,...