Just read on RisMedia:
One million borrowers regained equity in 2015, bringing the total number of mortgaged residential properties with equity at the end of the 4th quarter of 2015 to approximately 46.3 million, or 91.5 % of all mortgaged properties, according to a new CoreLogic® analysis. Nationwide, borrower equity increased year-over-year by $682 billion in Q4 2015.
The total number of mortgaged residential properties with negative equity (“under water”) decreased 19.1 % year over year from what it was at the end of last year.
Interestingly, Miami-Miami Beach-Kendall, Florida, had the highest percentage of mortgaged properties in negative equity (22% of the total).
San Francisco-Redwood City-South San Francisco, CA, had the highest percentage of mortgaged properties in a positive equity position, at 99.3%. Houston, then Denver followed SF in that category.
To read the full article on RisMedia.
Thanks for reading!
March 19th - Lucie Stern community Center
1305 Middlefield Rd - Palo Alto.http://www.frenchfair.org/
See you there, for French food, fashion, dance, live music, art, company!