GOOD NEWS: 2.5 Million Homes Returned to Positive Equity in Q2

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.

Read the complete article after the jump:

http://agbeat.com/housing-news/2-5-million-homes-returned-positive-equity-q2/

About

Realtor with Greg Garrett Realty, actively licensed in the state of Virginia

Tagged with: , , , , , , , , , , , , , ,
Posted in Uncategorized

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

%d bloggers like this: