Average Homeowner Gained $6,400 in Equity, says CoreLogic
Homeowners with mortgages on their residences saw their equity increase by 5.6 percent year-over-year during the first quarter, according to data from CoreLogic.This represents a gain of nearly $485.7 billion since the first quarter of 2018, with the average homeowner gaining $6,400 in home equity over the 12-month period.
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For the average homeowner. end of 2019,” says Frank Nothaft, chief economist for CoreLogic, in a statement. “If all homes experience this gain, this would lift about 350,000 homeowners from being.
On average, homeowners experienced a $6,400 increase in equity year over year in Q1 2019. By state, Nevada experienced the highest year over year increase in home equity, with the average increase.
Average Homeowners Gained $6,400 in Equity in First Quarter "We expect home equity to continue increasing nationally in 2019, albeit at a slower pace than in recent years," says the president of CoreLogic.
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U.S. homeowners who have a mortgage saw their equity increase by 5.6% over the past year, according to the Home Equity Report, released Thursday by CoreLogic. The average homeowner gained $6,400 in home equity between the first quarter of 2018 and the first quarter of this year.
· CoreLogic states that U.S. homeowners with mortgages have seen their equity increase by a total of nearly $485.7 billion since the first quarter 2018, a 5.6% year over year increase.
The increase in homeowner equity has slightly exceeded the pace of housing appreciation. corelogic says that the 63 percent of homeowners nationally who have a mortgage on their property saw their equity grow by 5.6 percent between the first quarter. On average, homeowners gained about $6,400.
The average homeowner gained $6,400 in home equity during the last year 2.2 million residential properties with a mortgage were in negative equity in the first quarter 2019 IRVINE, Calif. –(BUSINESS WIRE)– CoreLogic ( CLGX ) , a leading global property information, analytics and data-enabled solutions provider, today released the Home.
· The average homeowner gained $6,400 in home equity between the first quarter of 2018 and the first quarter of 2019. Some states saw much larger gains. In Nevada, homeowners gained an average of approximately $21,000. In Idaho, homeowners gained an average of approximately $20,700 and Wyoming homeowners gained an average of $20,300 (Figure 1).