Source: Corelogic
- Nationally, homes with negative equity was 4.7% in the first quarter of 2018.
- 640,000 borrowers moved into a positive equity position from the 1st quarter of 2017 to the 1st quarter of 2018
- Mortgaged equity increased by 1 trillion from the 1st quarter of 2017 to the 1st quarter of 2018, which is an annual increase of 13.3%.
- In five years home owner equity doubled.
I remember joining Active Rain back in 2009 when people were struggling due to negative equity and real estate transactions were scarce. I had the opportunity to make a lot of friends here! Unfortunately my previous company was frightened by the amount of banks being fined for online information not being properly disclosed so I was asked to take down my AR blog. I can respect their position.
My current company did an evaluation of my social media and as of now it looks as if all is good! It is good to be back!
If you know of anyone wanting to get pre-approved for a home loan using a really easy application that is mainly just clicking buttons have them visit my website: www.NevinMortgageTeam.com
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