On November 17, 2016, ATTOM Data Solutions, and RealtyTrack reported nationwide there were 6,063,326 or 10.8% properties with negative equity 3rd quarter of 2016, dropped from over 854,000 properties from the 3rd quarter of 2015. San Jose, California metro area had the highest percentage positive equity properties with 55.7%, and Las Vegas, Nevada metro area had the highest percentage negative equity properties with 25.0%, at the end of 3rd quarter 2016.
Daren Blomquist, vice president at RealtyTrac, stated “Median home prices increased on a year-over-year basis for the 18th consecutive quarter in Q3 2016, and homeowners who sold in the third quarter had owned their home an average of 7.94 years — a new high in our data and substantially higher than the
average homeownership tenure of 4.26 years pre-recession. As homeowners stay in their homes longer before moving up, they are amassing more home equity wealth.”
For detailed complete information on ATTOM Data Solutions, and RealtyTrack’s report homes with negative equity decreased in the 3rd quarter of 2016, please CLICK HERE
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