Tag Archives: Home Equity

The number of underwater homes decreases in 2016, and Fannie Mae lists the regions that have seen the biggest underwater home reduction.

A recent analysis shows Millennials who own homes would rather go with home equity when they need extra cash despite heightened risks.

Research found a disparity in attitudes toward home equity between those who bought post-2009 (after the housing bust) and those who bought during the boom. What is the driver behind the disparity?

Home equity and outstanding mortgage debt for single-family properties both increased for the first time in a decade.

The amount of underwater mortgages nationwide continues to decline.

CoreLogic Inc., announced that the company has released its enhanced home equity data set to expand the information delivered through its two home equity data solutions: CoreLogic Loan Level Home Equity and TrueStandings Home Equity.

The national aggregate value of negative equity at the end of Q2 was approximately $309.5 billion, which was a decline from $338 billion at the end of Q1 and from $350 billion year-over-year (11.6 percent), according to CoreLogic.

The National Housing Survey from Fannie Mae contains data that suggests that homeowners who are underestimating how much equity they have in their homes may also be underestimating in other areas, such as how large of a downpayment they could make with that equity; their chances of qualifying for a mortgage, assuming they need a large downpayment; and their opportunities for selling their house and buying another one.

As home values rise and borrowers continue to gain equity, CoreLogic's analysis indicates that nearly 5.1 million properties are still upside-down on their mortgage. That figure represents about 10.3 percent of all residential properties with a mortgage compared to about 13.3 percent the year prior.

The number of U.S. homeowners who owe more on their mortgage than their home is worth has fallen off by nearly half in the last two years, but third-quarter data shows millions are still close to slipping back under. By the end of Q3 2015, the company expects negative equity will drop further to a rate of 15.2 percent. While improving trends in home values and foreclosures have helped push more homeowners into positive equity positions, many are still barely afloat, possessing too little equity to realistically afford the cost of selling their home and buying a new one. Because they're essentially locked into their houses, those homeowners are unable to contribute to their local stock of for-sale homes and are stuck in the way of entry-level or move-up buyers.