CoreLogic: 791,000 underwater homes return to positive equity

Grand Theft Auto V Top 5 Personal Fails Part 1 CoreLogic: 791,000 underwater homes return to positive equity Only 6.4 million properties remain in negative equity Rising home prices continue to pull underwater homeowners into positive equity positions, with 791,000 additional properties returning to a situation in which the borrower no longer owes more than the home is worth in the third.

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The current market value of your home minus. is your equity – if it’s a positive number. But if you owe more than your home is worth, you don’t have any equity. Instead, you’re underwater. Property.

New construction and rising prices should bring more homes, both new and old, on to the market in 2014, helping inventory return. underwater mortgages regain positive equity status during the.

CoreLogic Reports 2.5 Million More Residential Properties Return To Positive Equity In Second Quarter Of 2013. the share of underwater mortgaged homes fell to 14.5 percent," said Dr. Mark.

According to the CoreLogic report. keeping the inventory of homes for sale low. With the return of positive equity, previously underwater homeowners can now sell their home if the timing is right.

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The number of underwater homes continues to slip, with 791,000 properties regaining equity during the third quarter, corelogic reports. Currently, about 13 percent of all homes with a mortgage – or 6.4 million – remain in negative equity compared to 14.7 percent – or 7.2 million – at the end of the second quarter.

"Equity rebuilding continued in the second quarter of this year as the share of underwater mortgaged homes fell to 14.5 percent," said dr. mark fleming, chief economist for CoreLogic. "In just the first half of 2013 almost three and a half million homeowners have returned to positive equity, but the pace of improvement will likely slow as price.

Nearly 800,000 homes returned to a state of positive equity during the third quarter–leaving about 6.4 million underwater, according to the latest data from CoreLogic. The numbers indicate a.

IRVINE, Calif., Jan. 17, 2013 /PRNewswire/ — CoreLogic (NYSE: CLGX), a leading provider of information, analytics and business services, today released new analysis showing approximately 100,000 more borrowers reached a state of positive equity during the third quarter of 2012, adding to the more than 1.3 million borrowers that moved into positive equity through the second quarter of 2012.