The number of U.S. homeowners who regained positive equity in their homes rose in the second quarter of 2016, according to the latest report from CoreLogic.
During that time period, another 548,000 homeowners regained positive equity, bringing the total to approximately 47.2 million homes, or 92.9 percent of all U.S. mortgaged properties, CoreLogic reports. Read the full news release here.
“Home-value gains have played a large part in restoring home equity. The CoreLogic Home Price Index for the U.S. recorded 5.2 percent growth in the year through June, an important reason that the number of owners with negative equity fell by 850,000 in the second quarter from a year earlier,” said Dr. Frank Nothaft, chief economist for CoreLogic.
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