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December 7, 2018 Comments (0) Views: 454 Texas News, Top Texas

Report: Homeowner Equity Increases, Negative Equity Falls

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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