Home Equity Gains in 2020

CoreLogic released its 2020 3rd Quarter Homeowner Equity Insights report, which reveals U.S. homeowners with mortgages have seen their equity increase by a total of $1 trillion since the third quarter of 2019! 🤩 💰The average homeowner gained approximately $17,000 in equity over the past year, with a 10.8% increase in equity over last year. On a year-over-year basis, negative equity also fell by 18.3% or 3.7% of all mortgaged properties. Despite the uncertainty caused by the pandemic, the housing market remains strong!