Mortgaged homes gain almost $3 trillion in equity in Q2

American homeowners with mortgages gained a combined $2.9 trillion in equity during the second quarter, up 29.3% from the same period one year ago. That amounts to an average equity gain of $51,500 per borrower over the last year, according to a report from CoreLogic this week. In its report, CoreLogic determines the amount of

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2 million homes at risk from wildfires

Experts say the 2020 wildfire season in the U.S. will likely set a new record for the most acres of land burned. Smoky skies, poor air quality and the COVID-19 pandemic are adding to the challenges of this year’s wildfire season. Almost two million homes are at “extreme risk” of wildfires that are currently raging

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CoreLogic: Condo inventory and sales growing fast

Condominium sales rebounded in June after taking a massive hit at the start of the coronavirus outbreak in the U.S., reaching a new year-over-year low point in May. That drop followed a late 2019 surge in condo sales, when the sector was growing at an even faster rate than that of single-family detached homes, CoreLogic

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Record-Breaking Year for Natural Disasters in US

2011 has been a record-breaking year for the US in terms of natural disasters, with hurricanes, earthquakes, floods, wildfires and tornados all wreaking havoc this year. In fact, the disasters have been so commonplace that the current cost estimate for the damage is reckoned to be $52 billion, a total that is still growing, according

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CoreLogic Report Shows House Prices Fell During August

Average property prices in the US have fallen for the first time in four months, according to CoreLogic’s report for August, which showed a 0.4% decrease in prices. The August Home Price Index (HPI) also showed that distressed sales had reduced by 4.4% compared to one year ago. CoreLogic also reported that sales prices fell

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