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!
Francis
The 2016 French Fair is coming to Palo Alto:
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!
