March 12, 2014 CoreLogic: 4 Million Homes Return to Positive Equity in 2013. Rising home prices led to improvements in home equity, with 4 million residential properties regaining equity at the end of 2013, but the share of borrowers underwater on their mortgages remained unchanged from the third quarter, analytics firm CoreLogic reported March 6 in its 4Q 2013 Equity Report.
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"Home price gains have clearly been a driving force in building positive equity for homeowners," said Anand Nallathambi, president and CEO of CoreLogic. representing an average 31.5 percent return.
· CoreLogic released analysis showing approximately 791,000 more residential properties returned to a state of positive equity during the third quarter of 2013, and the total number of mortgaged residential properties with equity currently stands at 42.6 million.
Burns believes home ownership will return by 2025 to around 67 percent, as previously foreclosed borrowers return to the housing market, cyclical trends improve and positive. Flemming of CoreLogic,
· A new study released by CoreLogic, an Irvine real estate and mortgage data firm, estimated that 791,000 homes moved from negative to positive equity status during the third quarter of.
12/17/2013 CoreLogic: 791,000 underwater homes return to positive equity.. 791,000 underwater homes return to positive equity; Rising home prices continue to pull underwater homeowners into. positive equity positions. Read Full Article. Share This Story, Choose Your Platform!.
The slide in US home prices may have. "But the quarter of the country that’s underwater — that’s me." Detroit, Las Vegas and Fort Myers, Florida, will take until at least 2020 to return homeowners.
“Home-price growth has accelerated in recent months, helping to build home-equity wealth and lift underwater homeowners back into positive equity the primary driver of home equity wealth.
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Equity Returns to Some Homes in the U.S.. properties are no longer underwater. Earlier this year, CoreLogic reported that 700,000 homes had benefited from the return to positive equity and were.
This improvement has been influenced largely by home price appreciation, which CoreLogic notes has enabled approximately 791,000 homeowners to return to a state of positive equity during the third quarter. The total number of residential properties with equity stands at 42.6 million.
CoreLogic: 791,000 underwater homes return to positive equity CoreLogic: 300,000 homes return to positive equity Brena Swanson is formerly the Digital Reporter for HousingWire.