Average homeowner gained $12.4K on an annual basis.
CoreLogic® (NYSE: CLGX), Irvine, on Thursday reported that U.S. homeowners with mortgages, which account for roughly 63% of all properties, have seen their equity increase by 9.4% year over year in the third quarter, representing a gain of nearly $775.2 billion since the third quarter of 2017.
The CoreLogic Home Equity Report also reported that the average homeowner gained $12,400 in home equity between the third quarter of 2017 and the third quarter of 2018. While home equity grew in almost every state in the nation, western states experienced the most significant increases. California homeowners gained an average of approximately $36,500 in home equity, and Nevada homeowners experienced an average increase of approximately $32,600 in home equity.