CoreLogic Study: 254,000 US Properties Regained Equity in Q1

IRVINE, CA—CoreLogic, a leading global property information, analytics and data-enabled services provider, recently released new analysis showing 254,000 properties regained equity in the first quarter of 2015.

That brings the total number of mortgaged residential properties with equity at the end of Q1 2015 to approximately 44.9 million, or 90% of all mortgaged properties. Nationwide, borrower equity increased year over year by $694 billion in Q1 2015. The total number of mortgaged residential properties with negative equity is now at 5.1 million, or 10.2% of all mortgaged properties. This compares to 5.4 million homes, or 10.8%, that had negative equity in Q4 2014, a quarter-over-quarter decrease of 4.7%. Compared with 6.3 million homes, or 12.9%, reported for Q1 2014, the number of underwater homes has decreased year over year by 1.2 million, or 19.4%.