December 7, 2018
Average homeowner equity increased, while the number of mortgaged homes in negative equity decreased in Q3 2018, according to CoreLogic’s just-released Home Equity Report. Nationwide, the number of mortgaged homes in negative equity — which applies to borrowers who owe more on mortgages than their houses are worth — decreased by 4% to 2.2 million homes, or 4.1% of all mortgage properties.
In Texas, 1.6% of all mortgage properties were in negative equity, according to CoreLogic’s figures. Meanwhile, the average Texas homeowner saw an $8,000 boost in equity, year over year.
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