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More Homes Return to Positive Equity

Posted By Barry Ritholtz On March 19, 2013 @ 2:00 pm In Digital Media,Real Estate,Think Tank | Comments Disabled

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Source: CoreLogic [2]


• 200,000 more residential properties returned to a state of positive equity during the fourth quarter of 2012;
• 10.4 million, or 21.5 percent of all residential properties with a mortgage, were still in negative equity at the end of the fourth quarter of 2012;
• 38.1 million residential properties with positive equity, 11.3 million have less than 20 percent equity;
• 23.2 percent of all residential properties are under-equitied mortgages;
• $658 billion in aggregate negative equity;
• $323 billion of negative equity are first liens without home equity loans;
• $334 billion first liens with home equity loans.

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URL to article: http://www.ritholtz.com/blog/2013/03/more-homes-return-to-positive-equity/

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[1] Image: http://www.ritholtz.com/blog/wp-content/uploads/2013/03/equity.jpg

[2] CoreLogic: http://app.insight.corelogic.com/e/es.aspx?s=2676&e=6767&elq=c114a7b42edf42d49017fd2a76d54283

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