Negative Equity Rate Now in Single Digits

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Posted To: MND NewsWire

Owners of more than three-quarters of a million U.S. homes regained equity in those homes during the second quarter of 2015. CoreLogic said on Tuesday that there are now approximately 45.9 million homes with positive equity, 91 percent of all mortgaged properties in the country. The 759,000 properties that rose out of negative equity during the second quarter leaves approximately 4.4 million properties, 8.7 percent of all mortgage properties underwater, that is the outstanding mortgage balance exceeds the value of the home. There were 5.1 million homes or 10.2 percent or mortgaged properties underwater at the end of the second quarter of 2014. The national aggregate value of negative equity was $309.5 billion at the end of Q2 2015, down approximately $28.5 billion from the total in the first...(read more)

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Source: http://www.mortgagenewsdaily.com/09152015_corelogic_negative_equity.asp

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