HOMEOWNER EQUITY ROSE $1 TRILLION OVER THE LAST 12 MONTHS
The total amount of equity in mortgage real estate rose by $1 trillion year-over-year in Q1 2018, according to the latest CoreLogic Equity Report. This represents an increase of 13.3%. Homeowner equity has more than doubled over the last five years, rising by $4.4 trillion from Q1 2013 to Q1 2018.
The national negative equity share for Q1 2018 was 4.7%, down from a peak negative equity share of 26% in Q4 2009. Over the past 12 months, 640,000 mortgage borrowers have moved into positive equity.