06/12

It pays to be a homeowner – especially now.

According to the Home Equity Report by CoreLogic, homeowners gained $6,400 in home equity between the first quarter of 2018 and the first quarter of this year.

That’s an equity increase of 5.6%!

Frank Martell, President and CEO of CoreLogic, explains, “We expect home equity to continue increasing nationally in 2019, albeit at a slower pace than in recent years.”

The top ten states with the highest average gain:

• Idaho – $21K
• Nevada – $21K
• Wyoming – $20K
• Utah – $19K
• New York – $17K
• Hawaii – $16K
• Colorado – $14K
• Arizona – $14K
• Massachusetts – $14K
• South Dakota – $12K

And that’s not all.

Those who owe more on their mortgage than their home’s current value also dropped in the first quarter – these households dropped to 4.1% of all mortgaged properties.