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

Read More »

Negative equity continues to dog real estate markets

There are fewer homeowners underwater on their mortgages, but more than half of those who remain underwater owe at least 20 percent more than their homes are worth

Zillow study shows homes in black neighborhoods are twice as likely to be underwater

A new study from Zillow has found that homeowners in predominantly black communities are almost twice as likely to be “underwater” on their mortgages

CoreLogic: Half a million homeowners regained equity in Q2

CoreLogic had some good news for the economy in its latest equity report, revealing that just over 548,000 homeowners regained equity in the last quarter.

FHFA’s New Principle Reduction Policy Is Too Little Too Late

This was the view of the California Reinvestment Coalition (CRC) about the agencies new principle reduction policy. Kevin Stein, associate director at CRC said “Today’s announcement by FHFA that principle reduction loan modifications will be available on a limited basis for Fannie Mae and Freddie Mac (“GSE”) loans is the poster child for “way too

Read More »

Zillow: 6 million U.S. homes still have negative equity

Fewer homeowners were underwater as the negative equity rate fell to 13.1 percent in the United States, according to the fourth quarter Zillow Negative Equity Report.

Number of Underwater Properties Significantly Down

According to a recent report released by RealtyTrac, the end of last year saw 7,052,570 US residential properties with seriously underwater mortgages. This accounts for about 13% of all properties that are currently mortgaged. A mortgage that is in serious negative equity or underwater is where the total loan amount secured by the property is

Read More »

Negative Equity Levels down by Half in Most Major Markets

According to the Zillow Negative Equity Report, the number of homeowners in the United States who are in negative equity on their mortgages has dropped by more than 40% since early 2012. The report shows that more than 7 million Americans who were once underwater on their mortgages have since managed to return to positive

Read More »

15 Percent of all Mortgaged Homes Still Underwater

Home appreciation has slowed drastically since last year’s rapid rise, and for some home owners, prices just haven’t risen enough. That leaves many seriously underwater, owing more on their mortgage than their home is currently worth.

Home Equity Rises, But Is It Enough?

About 312,000 residential properties regained equity in the first quarter of this year, raising the total of residential properties with equity to more than 43 million, CoreLogic reported Thursday in its annual home equity report.

RealtyBizNews: Real Estate Marketing & Beyond