Page 8 - Things to Consider When Selling Your House - Fall 2018 - Tim Dulany

651,000 Homeowners Regained Equity Last Year!

CoreLogic’s latest Equity Report revealed that "over the past 12 months, 651,000 borrowers
moved into positive equity." This is great news as the share of homeowners with negative
equity (those who owe more than their home is worth) has dropped more than 20% since
the peak in Q4 of 2009 (26%) to 4.7% today.

The report also revealed:

• The average homeowner gained approximately $16,300 in equity during the past year.

• Compared to Q1 2017, negative equity decreased 21% from 3.1 million homes, or 6.1% of
all mortgaged properties.

• U.S. homeowners with mortgages (roughly 63 percent of all homeowners) have seen
their equity increase by a total of $1.01 trillion since Q1 2017, an increase of 13.3%
year-over-year.

The map below shows the percentage of homes by state with a mortgage and positive
equity. (The states in gray have insufficient data to report.)

98.5%
WA
97.8% 96.3% VT ME
MT ND
98.3% 96.6% NH (94.9%)
OR 97.9% MN 94.1% 95.0% MA (95.7%)
ID SD WI NY
96.5% 93.8% RI (93.2%)
WY 94.3% MI 95.8% CT (91.1%)
93.2% 95.3% IA 93.2% PA
NV NE 91.0% 97.6% OH NJ (92.1%)
98.5% IN
98.3% IL DE (93.9%)
97.3% UT 96.8% WV 94.9%
CO 95.9% 95.6% VA
CA KS KY MD (92.2%)
MO
96.5% DC (96.3%)
94.8% 96.4% TN NC
93.9%
95.7% OK 94.6% 95.9%
AZ NM AR SC
95.6% 95.8% Insufficient Data
98.1% MS AL GA 80.0% to 84.9%
AK 98.5% 89.7% 85.0% to 89.9%
TX LA
90.0% to 94.9%
≥ 95%
92.1%
98.3% UNITED STATES FL
HI
95.3%
Bottom Line
If you are one of the many homeowners who is unsure of how much equity you have in your
home and are curious about your ability to move, let’s meet up to evaluate your situation.
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