More money in home owners’ pockets, but not in Arizona

screen-shot-2016-12-10-at-1-22-30-pmREALTORMag

More homeowners are gaining equity and climbing out of negative territory, according to a new report released by CoreLogic. Now, 93.7 percent of all mortgaged properties—or 47.9 million homes—have more money invested in them than their estimated market value. Home equity has grown 10.8 percent in the third quarter compared to a year ago.

“Home equity rose by $12,500 for the average homeowner over the last four quarters,” says Frank Nothaft, chief economist for CoreLogic. “There was wide geographic variation with homeowners in California, Oregon, and Washington gaining an average of at least $25,000 in home equity wealth, while owners in Alaska, North Dakota, and Connecticut had small declines, on average.”

Continued:

Share this!

Additional Articles

Get Our Twice Weekly Newsletter!

* indicates required

Rose Law Group pc values “outrageous client service.” We pride ourselves on hyper-responsiveness to our clients’ needs and an extraordinary record of success in achieving our clients’ goals. We know we get results and our list of outstanding clients speaks to the quality of our work.

News Categories
December 2016
M T W T F S S
 1234
567891011
12131415161718
19202122232425
262728293031