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3.2 Trillion
The new CoreLogic Homeowner Equity Insights report shows that homeowners in the U.S. have seen their equity increase by a total of $3.2 trillion over the last 12 months.
Their data shows that 63% of all homes have a mortgage.
On average, U.S. homeowners gained $55,000 while the average increase in Colorado was higher at $75,000.
The other piece of good news from the report is that properties with negative equity reached the lowest amount in several years.
Only 2.1% of all properties across the U.S. have a value lower than the mortgaged amount. Negative equity peaked at 26% of all mortgaged properties back in 2009.
Equity Insights
The real estate research firm Core Logic just produced their latest Homeowner Equity Insights report.
Some interesting tidbits:
· 63% of all properties nationally have a mortgage
· Homeowners with mortgages collectively realized a $428 billion rise in equity over last year, an increase of 4.8%
· Only 3.8% of all mortgaged properties have negative equity (where the loan is greater than the value of the home)
· 10 years ago 26% of all mortgaged properties had negative equity
If you want to see even more insights about the Colorado market so that you can make really good decisions about your real estate, you are welcome to watch this complimentary webinar, just click HERE.
