Homeowner Equity Q3 2019
CoreLogic analysis shows U.S. homeowners with mortgages (roughly 64% of all properties*) have seen their equity increase by a total of nearly $457 billion since the third quarter 2018, an increase of 5.1%, year over year.
Negative Equity Rises, But Still Down Since 2017
In the third quarter 2019, the total number of mortgaged residential properties with negative equity decreased 4% from the second quarter 2019 to 2 million homes, or 3.7% of all mortgaged properties. On a year-over-year basis, negative equity fell 10% from 2.2 million homes, or 4.1% of all mortgaged properties, in the third quarter of 2018.
National Aggregate Value of Negative Equity: Q3 2019
The national aggregate value of negative equity was approximately $301 billion at the end of the third quarter of 2019. This is down quarter over quarter by approximately $2.4 billion, from $303.4 billion in the second quarter of 2019.
Negative equity peaked at 26% of mortgaged residential properties in the fourth quarter of 2009, based on the CoreLogic equity data analysis which began in the third quarter of 2009.
National Homeowner Equity
In the third quarter 2019, the average homeowner gained approximately $5,300 in equity during the past year. Idaho had the highest year-over-year average increase at $25,800.