By Tara Steele of AGBeat
According to CoreLogic, there is positive news in housing as millions of homeowners regain equity in their home, putting them back in the black.
According to CoreLogic, 2.5 million more residential properties returned to a state of positive equity in the second quarter of the year, leaving 7.1 million homes in negative equity territory, down from 9.6 million in the first quarter of 2013.
The national aggregate value of negative equity was $428 billion at the end of the second quarter compared to $576 billion at the end of the first quarter of 2013, a decrease of more than $148 billion. CoreLogic reports this decrease is due in large part to an improvement in home prices.
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