Home Equity Up by $726 Billion

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The overall amount of home equity controlled by U.S. homeowners ballooned by 12.2% in 2017 – a gain of $908.4 billion in just 12 months. That works out to about $15,000 per homeowner, according to the most recent home equity report from real estate analysis firm CoreLogic.

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Compared to the fourth quarter of 2017, U.S. homeowner equity in the fourth quarter of 2018 rose by $678.4 billion, up 8.1% year over year and up $5.5 trillion in the past seven years.

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Home equity in the U.S. increased $276 billion in the third quarter, according to new data from CoreLogic. That’s a 3.1% increase over the second quarter and a 10.8% increase from Q3 of 2015.

CoreLogic Reports Home Equity Increased $726 billion in the Third Quarter Compared With a Year Ago – Average Annual Gain in "Home Equity Wealth" Reaches $12,500 Per Home –

Year over year, home equity grew by $726 billion, an increase of 10.8 percent. The company said 384,000 borrowers moved out of negative equity, increasing the percentage of homes with positive equity to 93.7 percent of all mortgaged properties, or nearly 48 million homes.

Canadians Used Home Equity To Borrow Over $301 Billion. The total dollar value of residential property used to secure loans reached a new record high. The balance of loans hit $301.18 billion in May, up 0.08% from the month before. This represents an increase of 5.73% compared to the same month last year.

CoreLogic, Irvine, Calif., said U.S. homeowners with mortgages (63 percent of all homeowners) saw their equity increase by $227 billion in the third quarter from the previous quarter, an increase of 3.1 percent.Year over year, home equity grew by $726 billion, an increase of 10.8 percent.

Home equity has increased by $227 billion in the third quarter of 2016-a jump of 3.1 percent over Q2, according to recent data from CoreLogic. Year over year, equity rose by a total of $726.

The trucking and freight industry is a 6-billion. home equity has increased by $227 billion in the third quarter of 2016-a jump of 3.1 percent over Q2, according to recent data from CoreLogic. Year over year, equity rose by a total of $726.