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3/11/2021 08:57:00 AM CoreLogic® . today released the Home Equity Report for the fourth quarter of 2020. The report shows U.S. homeowners with mortgages (which account for roughly 62% of all properties) have seen their equity increase by 16.2% year over year, representing a collective equity gain of over $1.5 trillion, and an average gain of $26,300 per homeowner, since the fourth quarter of 2019. As competition for the dwindling supply of for-sale homes drove prices up, average annual homeowner equity gains in the fourth quarter of 2020 reached the highest level since 2013. For current owners, these gains have created a buffer against financial difficulties brought on by the pandemic, and enabled means for pursuing renovations as people are spending more time at home. For the broader market, home equity gains have also reduced the risk of homes falling underwater and pushing distressed sales into the market.

Frank nothaftFrank martellFrom corelogicHome equity continuesHomeowners gained overHome equity reportCorelogic home price indexCalculated riskReal estateHouse pricesResidential investmentBank failureAuto salesவெளிப்படையான மார்டெல்வீடு பங்கு தொடர்கிறதுவீடு பங்கு அறிக்கை