Negative residential equity shrinks in ’13

negative equityMHN Online

CoreLogic reported on Thursday that 4 million U.S. mortgage holders returned to positive equity in 2013, bringing the total number of mortgaged residential properties with equity to 42.7 million. Still, that means that nearly 6.5 million homes, or 13.3 percent of all residential properties with a mortgage, were still in negative equity at the end of 2013.

Related: Financing for foreclosed homes

 

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