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Negative Equity Falls to Pre-Recession Levels Thanks to Home Price Gains

Friday, March 13, 2020

Homeowner equity jumped again in the fourth quarter of last year. CoreLogic's report said it found that, among homeowners with mortgages, about 63 percent of the total, an additional 5.4 percent accrued to their home equity, translating into an increase of about $7,300 in household wealth. The largest increase was in Idaho at $18,700. The nation's aggregate increase in equity from the 4th quarter of 2018 through the 4th quarter of 2019 was $489.4 billion. This does not include growth in equity among those homeowners without a mortgage.

 

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