By Angela Gonzales | Phoenix Business Journal
U.S. homeowners with mortgages have seen their equity increase by 29.3% year over year, representing a collective equity gain of more than $2.9 trillion and an average gain of $51,500 per borrower since the second quarter of 2020, according to a new CoreLogic report.
The company’s Homeowner Equity Report released on Sept. 23 shows that the national negative equity share fell to 2.3% during the second quarter of 2021, representing the lowest share in the last 12 years.
Read the full subscription story from the Phoenix Business Journal.
