The real estate research firm Core Logic just produced their latest Homeowner Equity Insights report.
Some interesting tidbits:
· 63% of all properties nationally have a mortgage
· Homeowners with mortgages collective realized a $428 billion rise in equity over last year, an increase of 4.8%
· Only 3.8% of all mortgaged properties have negative equity (where the loan is greater than the value of the home)
· 10 years ago 26% of all mortgaged properties had negative equity