Rising home values drive homeowner equity gains


Equity among homeowners with mortgages, which represents about 63% of all homeowners, increased 11.8% year over year during the third quarter, according to an analysis released by CoreLogic. The increase represents a gain of $870.6 billion since the third quarter of 2016. On average, homeowner equity increased $14,888 year over year in the third quarter. While all states recorded equity increases, Western states posted the biggest gains. Homeowners in Washington saw an average gain of about $40,000, while

Source: Rising home values drive homeowner equity gains