{"id":1930,"date":"2017-08-08T10:00:34","date_gmt":"2017-08-08T10:00:34","guid":{"rendered":"https:\/\/thezakariagroup.com\/93-9-of-homes-in-the-us-have-positive-equity\/"},"modified":"2017-08-08T10:00:34","modified_gmt":"2017-08-08T10:00:34","slug":"93-9-of-homes-in-the-us-have-positive-equity","status":"publish","type":"post","link":"https:\/\/thezakariagroup.com\/93-9-of-homes-in-the-us-have-positive-equity\/","title":{"rendered":"93.9% Of Homes in The US Have Positive Equity"},"content":{"rendered":"<div>\n<p><img fetchpriority=\"high\" decoding=\"async\" width=\"648\" height=\"354\" src=\"http:\/\/d39ah2zlibpm3g.cloudfront.net\/wp-content\/uploads\/2017\/07\/20125114\/20170808-Share-STM.jpg\" class=\"webfeedsFeaturedVisual wp-post-image\" alt=\"93.9% Of Homes in The US Have Positive Equity | Simplifying The Market\" style=\"display: block; margin-bottom: 5px; clear:both;max-width: 100%;\" srcset=\"http:\/\/d39ah2zlibpm3g.cloudfront.net\/wp-content\/uploads\/2017\/07\/20125114\/20170808-Share-STM.jpg 750w, http:\/\/d39ah2zlibpm3g.cloudfront.net\/wp-content\/uploads\/2017\/07\/20125114\/20170808-Share-STM-549x300.jpg 549w\" sizes=\"(max-width: 648px) 100vw, 648px\"><\/p>\n<p><em>CoreLogic\u2019s\u00a0<\/em>latest\u00a0<a href=\"http:\/\/www.corelogic.com\/about-us\/researchtrends\/homeowner-equity-report.aspx#.WWz89ekpCUk\"><em>Equity Report<\/em><\/a>\u00a0revealed that ninety-one thousand residential properties regained equity in Q1 2017. The outlook for 2017 remains positive as well, as an additional 600 thousand properties will regain equity if home prices rise another 5% this year.\u00a0<span id=\"more-35944\"><\/span><\/p>\n<h4><strong>The study also revealed that:<\/strong><\/h4>\n<ul>\n<li>Roughly 63% of all homeowners have seen their equity increase since Q1 2016<\/li>\n<li>The average homeowner gained about $14,000 in equity between Q1 2016 and Q1 2017<\/li>\n<li>Only 1.6% of residential properties are near-negative equity<\/li>\n<\/ul>\n<p>Below is a map showing the percentage of homes with a mortgage, in each state, that have positive equity.\u00a0<em>(The states in gray have insufficient data to report.)<\/em><\/p>\n<p><a href=\"http:\/\/d39ah2zlibpm3g.cloudfront.net\/wp-content\/uploads\/2017\/07\/20125133\/20170808-STM-ENG1.jpg\"><img decoding=\"async\" class=\"alignnone wp-image-35946\" src=\"http:\/\/d39ah2zlibpm3g.cloudfront.net\/wp-content\/uploads\/2017\/07\/20125133\/20170808-STM-ENG1.jpg\" alt=\"93.9% Of Homes in The US Have Positive Equity | Simplifying The Market\" width=\"650\" height=\"488\" srcset=\"http:\/\/d39ah2zlibpm3g.cloudfront.net\/wp-content\/uploads\/2017\/07\/20125133\/20170808-STM-ENG1.jpg 2000w, http:\/\/d39ah2zlibpm3g.cloudfront.net\/wp-content\/uploads\/2017\/07\/20125133\/20170808-STM-ENG1-400x300.jpg 400w, http:\/\/d39ah2zlibpm3g.cloudfront.net\/wp-content\/uploads\/2017\/07\/20125133\/20170808-STM-ENG1-1024x768.jpg 1024w\" sizes=\"(max-width: 650px) 100vw, 650px\"><\/a><\/p>\n<h4><strong>Significant Equity Is On The Rise<\/strong><\/h4>\n<p>Frank Martell,\u00a0<em>President &#038; CEO<\/em> of <em>CoreLogic<\/em>, believes this is great news for the\u00a0<em>\u201clong-term health of the U.S. economy.\u201d<\/em>\u00a0He went on to say:<\/p>\n<blockquote>\n<p><em>\u201cHomeowner equity increased by $766 billion over the last year, the largest increase since Q2 2014. The rising cushion of home equity is one of the main drivers of improved mortgage performance. Since home equity is the largest source of homeowner wealth, the increase in home equity also supports consumer balance sheets, spending and the broader economy.\u201d<\/em><\/p>\n<\/blockquote>\n<p>Of the 93.9% of homeowners with positive equity in the US,\u00a0<strong><em>78.8% have significant equity<\/em><\/strong>\u00a0(defined as more than 20%). This means that nearly three out of four homeowners with a mortgage could use the equity in their current home to purchase a new home,\u00a0<strong>now<\/strong>.<\/p>\n<p>The map below shows the percentage of homes with a mortgage, in each state, that have significant equity. <em>(The states in gray have insufficient data to report.)<\/em><\/p>\n<p><a href=\"http:\/\/d39ah2zlibpm3g.cloudfront.net\/wp-content\/uploads\/2017\/07\/20125156\/20170808-STM-ENG2.jpg\"><img decoding=\"async\" class=\"alignnone wp-image-35947\" src=\"http:\/\/d39ah2zlibpm3g.cloudfront.net\/wp-content\/uploads\/2017\/07\/20125156\/20170808-STM-ENG2.jpg\" alt=\"93.9% Of Homes in The US Have Positive Equity | Simplifying The Market\" width=\"650\" height=\"488\" srcset=\"http:\/\/d39ah2zlibpm3g.cloudfront.net\/wp-content\/uploads\/2017\/07\/20125156\/20170808-STM-ENG2.jpg 2000w, http:\/\/d39ah2zlibpm3g.cloudfront.net\/wp-content\/uploads\/2017\/07\/20125156\/20170808-STM-ENG2-400x300.jpg 400w, http:\/\/d39ah2zlibpm3g.cloudfront.net\/wp-content\/uploads\/2017\/07\/20125156\/20170808-STM-ENG2-1024x768.jpg 1024w\" sizes=\"(max-width: 650px) 100vw, 650px\"><\/a><\/p>\n<h3><strong>Bottom Line<\/strong><strong>\u00a0<\/strong><\/h3>\n<p>If you are one of the many homeowners who are unsure of how much equity they have in their homes and are\u00a0curious about their ability to move, let\u2019s meet up to\u00a0evaluate your situation.<\/p>\n<\/div>\n<p class=\"wpematico_credit\"><small>Powered by <a href=\"http:\/\/www.wpematico.com\" target=\"_blank\">WPeMatico<\/a><\/small><\/p>\n","protected":false},"excerpt":{"rendered":"<p>CoreLogic\u2019s\u00a0latest\u00a0Equity Report\u00a0revealed that ninety-one thousand residential properties regained equity in Q1 2017. The outlook for 2017 remains positive as well, as an additional 600 thousand properties will regain equity if home prices rise another 5% this year.\u00a0 The study also revealed that: Roughly 63% of all homeowners have seen their equity increase since Q1 2016 [&hellip;]<\/p>\n","protected":false},"author":101010,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","enabled":false}}},"categories":[100,101],"tags":[],"jetpack_publicize_connections":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.8.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>93.9% Of Homes in The US Have Positive Equity - The Zakaria Group<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/thezakariagroup.com\/93-9-of-homes-in-the-us-have-positive-equity\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"93.9% Of Homes in The US Have Positive Equity - The Zakaria Group\" \/>\n<meta property=\"og:description\" content=\"CoreLogic\u2019s\u00a0latest\u00a0Equity Report\u00a0revealed that ninety-one thousand residential properties regained equity in Q1 2017. 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