CoreLogic’s latest Equity Report revealed that 92% of all mortgaged properties are now in a positive equity situation. The report also revealed that "an additional 850,000 properties would regain equity if home prices rose another 5 percent."
But do home owners realize that their equity position has changed? A study by Fannie Mae suggests that many homeowners are not aware that they have regained equity in their home as their investment has increased in value. For example, their study showed that 23% of Americans still believe their home is in a negative equity position when, in actuality, CoreLogic’s report shows that only 8% of homes are in that position (down from 9% in 2015). Call us for a free professional equity appraisal report! You can also visit www.InteroSfEastBay.com/Pear