675,000 Homeowners Regained Equity in 2017
CoreLogic’s latest Equity Report revealed that “over the past 12 months, 675,000 borrowers moved into positive equity.“
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 report also revealed:
The average homeowner gained approximately $15,000 in equity during the past year.
Compared to Q4 2017, negative equity decreased 21% from 3.2 million homes, or 6.3 percent of all mortgaged properties.
U.S. homeowners with mortgages (roughly 63 percent of all homeowners) have seen their equity increase by a total of $908.4 billion since Q4 2016, an increase of 12.2%, year-over-year.
The map below shows the percentage of homes by state with a mortgage and positive equity. (The states in gray have insufficient data to report.)
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, contact Help-U-Sell Real Estate Agency at 818-997-1000 and speak to one of our agents to evaluate your situation.
Mortgage Payment Across Time Average – Interest Rate and Mortgage Payment
The average 30-year fixed mortgage rates and the approximate payment for a $250,000 mortgage.
Payments are principal and interest only based on a $250,000 fully amortizing mortgage.
Home Buying Mistakes by Generation
No matter the age or life stage, everyone makes mistakes when it comes to home buying.
From picking the wrong location to buying more house than you can afford, here are the top mistakes home buyers make at every stage.
Top Reasons to Own Your Home
Privacy – Having a space that is solely your own.
Family – Putting the needs of your immediate family and children first.
Financial Investment -The chance to grow your assets and wealth.
Search Homes For Sale in Lake Balboa and Van Nuys
We also have a complete Multiple Listing Service (MLS) of residential houses for sale in Lake Balboa, Arleta, Mission Hills, North Hills, North Hollywood, Panorama City, San Fernando, Sun Valley, Sylmar, Van Nuys, Castaic, Valencia, Canyon Country, Stevenson Ranch, Santa Clarita, Bouquet Canyon, or any other Los Angeles, San Fernando Valley or Santa Clarita Valley Real Estate.
Homes Sold in the Tarzana and Reseda area in the last 90 days.
You’re paying how much to sell your home?
With the Help-U-Sell Real Estate company concept, you could save thousands of dollars when you sell your home.
Want to know more? Call us at 818-997-1000, or complete the form below to request more information.