Brent's Blog / / Theme Park News, Orlando News, Real Estate News

CoreLogic Homeowner Equity Report Reveals 548,000 Residential Properties Regained Equity in Q2 2016

September 16th, 2016 2:00 PM by Brent Ferry

A new quarterly Equity Report by CoreLogic put out this week shows 548,000 U.S. single family residential properties regained equity in the second quarter of 2016 compared with the previous quarter raising the percentage of homes with positive equity to 92.9%.

Alternately, the total number of mortgaged residential properties with negative equity which is most often called being "underwater" or "upside down" stands at 7.1% or 3.6 million. Negative equity exists when a borrower owes more on their mortgages than their home is worth.

Increasing home values in many areas has played a large part in restoring home equity noting that the CoreLogic Home Price Index grew by 5.2% through June with their analysts projecting another 5% in price growth over the next year. 

Rising home prices and fewer underwater mortgages is great news for homeowners! It also means that Buyers "on the fence" are missing out!

The report also showed that as a state Florida had the second highest percentage of mortgaged properties in negative equity at 14%. Many areas of Florida were hit hard by the downturn. As above, good news for Buyers! Values in certain communities remain below peaks meaning there are still great deals to be had. In the Orlando/Kissimmee area, couple that with ever growing tourist visitation - up to over 66 million people last year - and your opportunities for investment in our vacation home market are even better.

Contact me today to learn more about how you can own a home in Central Florida that you can use whenever you want...and have someone else pay for it!
Posted in:General
Posted by Brent Ferry on September 16th, 2016 2:00 PM


My Favorite Blogs:

Sites That Link to This Blog: