Talking Points …
- According to CoreLogic’s latest Negative Equity Report, the number of residential homes with negative equity, also referred to as being “underwater,” has been steadily declining in the last few years while the number of homes with equity has been on the rise.
- The report found that 256,000 residential properties regained equity in the third quarter, bringing the nationwide total to about 46.3 million, which calculates to approximately 92 percent of all homes with an outstanding mortgage.