CoreLogic reported that homeowner equity reached $8 trillion in Q2 2017, representing a 100% increase from its levels in 2009, when CoreLogic began tracking the figures. 

Home Equity Report Q2 2017
■ 750,000 borrowers achieved positive equity.

■ CoreLogic analysis shows U.S. homeowners with mortgages (roughly 63% of all homeowners) have seen their equity increase by a total of $766.1 billion since Q2 2016. This represents an increase of 10.6% from 2016.
■ In Q2 2017, the total number of mortgaged residential properties with negative equity decreased 10% from Q1 2017 to 2.8 million homes, or 5.4% of all mortgaged properties.
■ In Q2 2017, the average homeowner gained approximately $13,000 in equity during the past year. Compared to Q2 2016, negative equity decreased 21.9% from 3.6 million homes, or 7.1% of all mortgaged properties.
■ Negative equity peaked at 26% of mortgaged residential properties in Q4 2009 based on CoreLogic equity data analysis, which began in Q3 2009.
■ The national aggregate value of negative equity was approximately $284.4 billion at the end of Q2 2017, up quarter-over-quarter by approximately $200 million, or 0.1%, from $284.2 billion in Q1 2017.
■ The national aggregate value of negative equity was down year over year by approximately $700 million, or 0.2%, from $285.1 billion in Q2 2016.

Link to the report – click here.

ABOUT COUNSELLORS TITLE AGENCY
Since 1996, Counsellors Title Agency had provided swift, proven and knowledgeable title insurance settlement and search expertise for thousands of New Jersey’s attorneys, loan officers, Realtors, borrowers and purchasers. CTA’s detail-oriented team of professionals streamlines the complexities of a real estate transaction to make each one stress and glitch-free.

If you have any questions about this information or title insurance, please contact Ralph Aponte: 732.914.1400.