Home Equity Up by $726 Billion

Compared to the fourth quarter of 2017, U.S. homeowner equity in the fourth quarter of 2018 rose by $678.4 billion, up 8.1% year over year and up $5.5 trillion in the past seven years.

The value associated with the home itself blows away anything from a single-family home standpoint. Sun Communities President.

An estimated $140.2 billion increase in the aggregate value of homes owned by U.S. seniors drove their share of home equity at the end of 2015, and also fueled the NRMLA/RiskSpan Reverse Mortgage Market Index (RMMI) to a new all-time high of 203.2 during the fourth quarter, up from an index reading of 198.53 in the third quarter.

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 · The national aggregate value of negative equity was about $282 billion at the end of Q3 2016, decreasing approximately $2.1 billion, or 0.8 percent, from $284 billion in.

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Total loans ended the quarter at $88.7 billion, up 7% compared to the prior year. and offers private student loans, personal loans, home equity loans, checking and savings accounts and certificates.

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CoreLogic, Irvine, Calif., said U.S. homeowners with mortgages (63 percent of all homeowners) saw their equity increase by $227 billion in the third quarter from the previous quarter, an increase of 3.1 percent.Year over year, home equity grew by $726 billion, an increase of 10.8 percent.

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 · Year over year, home equity grew by $726 billion, an increase of 10.8 percent. The company said 384,000 borrowers moved out of negative equity, increasing the percentage of homes with positive equity to 93.7 percent of all mortgaged properties, or nearly 48 million homes.

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 · Additionally, 384,000 borrowers moved out of negative equity, increasing the percentage of homes with positive equity to 93.7 percent of all mortgaged properties, or approximately 47.9 million homes. Year over year, home equity grew by $726 billion, representing an increase of 10.8 percent in Q3 2016 compared with Q3 2015.

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