What negative home equity looks like in metro Phoenix — and how it’s trending

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.

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