{"id":2041,"date":"2018-01-08T11:00:19","date_gmt":"2018-01-08T11:00:19","guid":{"rendered":"https:\/\/thezakariagroup.com\/712000-homes-in-the-us-regained-equity-in-the-past-12-months\/"},"modified":"2018-01-08T11:00:19","modified_gmt":"2018-01-08T11:00:19","slug":"712000-homes-in-the-us-regained-equity-in-the-past-12-months","status":"publish","type":"post","link":"https:\/\/thezakariagroup.com\/712000-homes-in-the-us-regained-equity-in-the-past-12-months\/","title":{"rendered":"712,000 Homes in the US Regained Equity in the Past 12 Months!"},"content":{"rendered":"<div>\n<p><img fetchpriority=\"high\" decoding=\"async\" width=\"648\" height=\"354\" src=\"http:\/\/files.simplifyingthemarket.com\/wp-content\/uploads\/2017\/12\/20163424\/20180108-Share-STM.jpg\" class=\"webfeedsFeaturedVisual wp-post-image\" alt=\"712,000 Homes in the US Regained Equity in the Past 12 Months! | Simplifying The Market\" style=\"display: block; margin-bottom: 5px; clear:both;max-width: 100%;\" srcset=\"http:\/\/files.simplifyingthemarket.com\/wp-content\/uploads\/2017\/12\/20163424\/20180108-Share-STM.jpg 750w, http:\/\/files.simplifyingthemarket.com\/wp-content\/uploads\/2017\/12\/20163424\/20180108-Share-STM-549x300.jpg 549w\" sizes=\"(max-width: 648px) 100vw, 648px\"><\/p>\n<p><em>CoreLogic\u2019s <\/em>latest<em> Equity Report <\/em><a href=\"http:\/\/www.corelogic.com\/about-us\/researchtrends\/homeowner-equity-report.aspx#.Wi7EHDdrxhE\">revealed<\/a> that <em>\u201cover the past 12 months, 712,000 borrowers moved into positive equity.\u201d <\/em>This is great news, as the share of homeowners with negative equity (those who owe more than their home is worth), has dropped more than 20% since the peak in Q4 of 2009 (26%) to 4.9% today.<span id=\"more-36759\"><\/span><\/p>\n<p>The report also revealed:<\/p>\n<ul>\n<li><strong>The average homeowner gained approximately $14,900 in equity<\/strong> during the past year.<\/li>\n<li>Compared to Q3 2016, <strong>negative equity decreased 22%<\/strong> from 3.2 million homes, or 6.3% of all mortgaged properties.<\/li>\n<li><strong>U.S. homeowners with mortgages<\/strong> (<em>roughly 63% of all homeowners<\/em>) <strong>have seen their equity increase<\/strong> by a total of $870.6 billion since Q3 2016, an increase of 11.8%, year-over-year.<\/li>\n<\/ul>\n<p>The map below shows the percentage of homes by state with a mortgage and positive equity. <em>(The states in gray have insufficient data to report.)<\/em><\/p>\n<p><a href=\"http:\/\/files.simplifyingthemarket.com\/wp-content\/uploads\/2017\/12\/20163313\/20180108-STM-ENG1.jpg\"><img decoding=\"async\" class=\"alignnone wp-image-36766\" src=\"http:\/\/files.simplifyingthemarket.com\/wp-content\/uploads\/2017\/12\/20163313\/20180108-STM-ENG1.jpg\" alt=\"712,000 Homes in the US Regained Equity in the Past 12 Months! | Simplifying The Market\" width=\"650\" height=\"488\" srcset=\"http:\/\/files.simplifyingthemarket.com\/wp-content\/uploads\/2017\/12\/20163313\/20180108-STM-ENG1.jpg 2000w, http:\/\/files.simplifyingthemarket.com\/wp-content\/uploads\/2017\/12\/20163313\/20180108-STM-ENG1-400x300.jpg 400w, http:\/\/files.simplifyingthemarket.com\/wp-content\/uploads\/2017\/12\/20163313\/20180108-STM-ENG1-1024x768.jpg 1024w\" sizes=\"(max-width: 650px) 100vw, 650px\"><\/a><\/p>\n<p><strong>Significant Equity Is on The Rise<\/strong><\/p>\n<p>Frank Nothaft, <em>Chief Economist <\/em>at<em> CoreLogic<\/em>, believes this is great news for the <em>\u201chousing market.\u201d <\/em>He went on to say:<\/p>\n<blockquote>\n<p><strong><em>\u201cHomeowner equity increased by almost $871 billion over the last 12 months, the largest increase in more than three years.<\/em><\/strong><em> This increase is primarily a reflection of rising home prices, which drives up home values, <strong>leading to an increase in home equity positions and supporting consumer spending.\u201d<\/strong><\/em><\/p>\n<\/blockquote>\n<p>Of the 95.1% of homeowners with positive equity in the U.S., <strong><em>82.9% have significant equity<\/em><\/strong> (defined as more than 20%). This means that more than three out of four homeowners with a mortgage could use the equity in their current home to purchase a new home <strong><em>now<\/em><\/strong>.<\/p>\n<p>The map below shows the percentage of homes by state with a mortgage and significant equity.<\/p>\n<p><a href=\"http:\/\/files.simplifyingthemarket.com\/wp-content\/uploads\/2017\/12\/20163402\/20180108-STM-ENG2.jpg\"><img decoding=\"async\" class=\"alignnone wp-image-36767\" src=\"http:\/\/files.simplifyingthemarket.com\/wp-content\/uploads\/2017\/12\/20163402\/20180108-STM-ENG2.jpg\" alt=\"712,000 Homes in the US Regained Equity in the Past 12 Months! | Simplifying The Market\" width=\"650\" height=\"488\" srcset=\"http:\/\/files.simplifyingthemarket.com\/wp-content\/uploads\/2017\/12\/20163402\/20180108-STM-ENG2.jpg 2000w, http:\/\/files.simplifyingthemarket.com\/wp-content\/uploads\/2017\/12\/20163402\/20180108-STM-ENG2-400x300.jpg 400w, http:\/\/files.simplifyingthemarket.com\/wp-content\/uploads\/2017\/12\/20163402\/20180108-STM-ENG2-1024x768.jpg 1024w\" sizes=\"(max-width: 650px) 100vw, 650px\"><\/a><\/p>\n<h3><strong>Bottom Line<\/strong><\/h3>\n<p>If you are one of the many homeowners who are unsure of how much equity you have in your home and are curious about your ability to move, let\u2019s meet up to evaluate 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 latest Equity Report revealed that \u201cover the past 12 months, 712,000 borrowers moved into positive equity.\u201d This is great news, as the share of homeowners with negative equity (those who owe more than their home is worth), has dropped more than 20% since the peak in Q4 of 2009 (26%) to 4.9% today. The [&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":[99,100,101],"tags":[],"jetpack_publicize_connections":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.9.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>712,000 Homes in the US Regained Equity in the Past 12 Months! - 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\/712000-homes-in-the-us-regained-equity-in-the-past-12-months\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"712,000 Homes in the US Regained Equity in the Past 12 Months! - The Zakaria Group\" \/>\n<meta property=\"og:description\" content=\"CoreLogic\u2019s latest Equity Report revealed that \u201cover the past 12 months, 712,000 borrowers moved into positive equity.\u201d This is great news, as the share of homeowners with negative equity (those who owe more than their home is worth), has dropped more than 20% since the peak in Q4 of 2009 (26%) to 4.9% today. 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