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Hot off the press is the Core Logic Homeowner Equity Report. This is their quarterly look at what is happening with homeowners’ equity across the country.
Here are the staggering numbers coming out of their research:
- Collectively, U.S. homeowners with mortgages have realized a $1.5 Trillion gain in equity over the last 12 months.
- Only 2.8% of all mortgaged properties have negative equity meaning the home is worth less than the loan amount.
- In Colorado, just 2.5% of homeowners have negative equity. For comparison, the percentage in Louisiana is 10.7%.
This research is one of many reasons why we don’t see any sort of impending housing crisis like we experienced in 2009. In the fourth quarter of 2009 for instance, 26% of all homeowners had negative equity.
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