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Negative Equity Nearing Pre-Crisis Levels
Friday, January 9, 2015
Owners of some 90 percent of mortgage properties in the U.S.
now have some degree of equity in their homes.
CoreLogic said today that 273,000 properties returned to a positive
equity status during the third quarter of 2014 and overall equity increased by
about $800 billion compared to the third quarter of 2013. About $44.6 million properties are now in a positive
Approximately 5.1 million homes or 10.3 percent of all homes
in the U.S. with a mortgage, remained underwater at the end of the quarter,
down from 5.4 million or 10.9 percent in the second quarter of the year and 6.5
million or 13.3 percent in the third quarter of 2013.
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