Negative Equity

by Brandon Bidwell

CoreLogic just released their quarterly Home Equity Insights Report.

Their analysis shows U.S. homeowners with mortgages (roughly 63% of all properties) have seen their equity increase by a total of over $3.2 trillion since the third quarter of 2020, an increase of 31.1% year over year.

In the third quarter of 2021, the total number of mortgaged residential properties with negative equity decreased by 5.7% from the second quarter of 2021 to 1.2 million homes, or 2.1% of all mortgaged properties.

Negative equity means a home is worth less than the amount owed on the property.

In Colorado, the percentage of homes with negative equity is even lower than the National average at 1.5%.

Equity Insights

by Brandon Bidwell

The real estate research firm Core Logic just produced their latest Homeowner Equity Insights report.

Some interesting tidbits:

· 63% of all properties nationally have a mortgage

· Homeowners with mortgages collectively realized a $428 billion rise in equity over last year, an increase of 4.8%

· Only 3.8% of all mortgaged properties have negative equity (where the loan is greater than the value of the home)

· 10 years ago 26% of all mortgaged properties had negative equity

If you want to see even more insights about the Colorado market so that you can make really good decisions about your real estate, you are welcome to watch this complimentary webinar, just click HERE.

American Equity Assessment

Equity Insights