Homeowners get slightly more equity

But slowing home price gains may put a dent in the remodeling market.

Builder

CoreLogic® (NYSE: CLGX) Home Equity Report for the first quarter of 2019, out Thursday, shows that U.S. homeowners with mortgages (roughly 63% of all properties) have seen equity increase by 5.6% year over year, representing a gain of nearly $485.7 billion since the first quarter of 2018.

The average homeowner gained $6,400 in home equity between the first quarter of 2018 and the first quarter of 2019. Some states saw much larger gains. In Nevada, homeowners gained an average of approximately $21,000. In Idaho, homeowners gained an average of approximately $20,700 and Wyoming homeowners gained an average of $20,300.

READ ON:

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