CoreLogic published data regarding homeowner equity over the last 12 months. According to CoreLogic, the average homeowner gained $6,400 in homeowner equity.
The current quarter represents a slowing down of the gains homeowners were able to build with respect to homeowner equity.
For the year, New Jersey gained $7,000 on average in homeowner’s equity, and New York gained $17,000 in homeowner equity. California, on the other hand, did not fare so well, gaining only $4,000 in homeowner equity. The state which gained the most in homeowner equity was Nevada gaining $21,000 for the year.
CoreLogic report still sees gains in homeowner equity as a good sign that a continued economic growth trend is still on track.
CoreLogic sees homeowner equity continuing to increase nationally throughout 2019, but at a slower pace.
If you have any questions about this information or title insurance, please contact Ralph Aponte: 732.914.1400.
Counsellors Title Agency, www.counsellorstitle.net, founded in 1996, is one of New Jersey’s most respected title agencies, serving all 21 New Jersey counties with title insurance, clearing title, escrow, tidelands searches, and closing and settlement services for commercial or industrial properties, waterfront properties and marinas, condominiums, townhouses or residential single family homes. Counsellors Title also features its own Attorney Settlement Assistance Program™ [ASAP], which is an individual resource customized to fit the needs specifically of real estate attorneys, including, Documentation, Preparation, Disbursement of Funds, Attendance at Closing, HUD Preparation or Post-Closing Matters.
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