If you need assistance, please call 407-513-4724

76% Of US Homeowners Now Have at Least 20% Equity in Their Homes! #RealEstate #OrlandoRealEstate #FLRealEstate #FredaRealty

Tuesday, September 20, 2016   /   by Matthew Freda

76% Of US Homeowners Now Have at Least 20% Equity in Their Homes! #RealEstate #OrlandoRealEstate #FLRealEstate #FredaRealty

76% Of US Homeowners Now Have at Least 20% Equity in Their Homes! | Simplifying The Market

76% Of US Homeowners Now Have at Least 20% Equity in Their Homes!






CoreLogic’s latest Equity Report revealed that 91.1% of all mortgaged properties are now in a positive equity situation, while 75.9% now have significant equity (defined as more than 20%)! The report also revealed that 548,000 households regained equity in the second quarter of 2016 and are no longer under water.


Price Appreciation = Good News for Homeowners


Frank Nothaft, CoreLogic’s Chief Economist, explains:



“Home-value gains have played a large part in restoring home equity. The CoreLogic Home Price Index (HPI) for the U.S. recorded 5.2 percent growth in the year through June, an important reason that the number of owners with negative equity fell by 850,000 in the second quarter from a year earlier.”



Anand Nallathambi, President & CEO of CoreLogic, believes this is a great sign for the market in the coming year as well, as he had this to say:



“We see home prices rising another 5 percent in the coming year based on the latest projected national CoreLogic Home Price Index. Assuming this growth is uniform across the U.S., that should release an additional 700,000 homeowners from the scourge of negative equity.”



Below is a map illustrating the percentage of households in each state with significant equity: 


76% Of US Homeowners Now Have at Least 20% Equity in Their Homes! | Simplifying The Market


Many homeowners with more than 20% equity in their home would be able to use that equity as a down payment on either a larger home, or even a retirement home.


Bottom Line


If you are one of the many Americans who are unsure of how much equity you have in your home, don’t let that be the reason you fail to move on to your dream home this year!






eXp Realty, LLC
Matthew Freda
651 W Warren Ave
Longwood, FL
407-513-4724

© 2020 My Florida Regional MLS DBA Stellar MLS, Inc.. All rights reserved. The data relating to real estate displayed on this website comes in part from the Internet Data Exchange (IDX) Program of My Florida Regional MLS DBA Stellar MLS, Inc. All listing information is deemed reliable but not guaranteed and should be independently verified through personal inspection by appropriate professionals. Listings displayed on this website may be subject to prior sale or removal from sale; availability of any listing should always be independently verified. Listing information is provided for consumers' personal, non-commercial use, solely to identify potential properties for potential purchase; all other use is strictly prohibited and may violate relevant federal and state law.7/6/2020 11:16 AM CST