According to a recent report released by CoreLogic, U.S. homeowners with mortgages gained $1T in equity from Q4 2021 till Q4 2022.
CoreLogic publishes its Homeowner Equity Insights report even quarter and offers national, state, and metro-level analysis.
Homeowners with mortgages represent around 63% of all properties, and the $1T equity increase represents a 7.3% YoY growth.
- Negative equity on mortgage properties rose 6% from its Q3 number to 1.2M homes. However, on a YoY basis, negative equity dropped by 2%.
- Florida recorded the highest annual equity growth at an average of $49,000, followed by Hawaii ($37,100) and New Jersey ($35,900).
- Idaho, Washington, California, Utah, and Washington D.C., recorded the highest negative equity in Q4 of 2022.
