{"id":8728,"date":"2018-06-11T00:00:00","date_gmt":"2018-06-11T00:00:00","guid":{"rendered":"https:\/\/amazingproperty.com.ng\/blog\/despite-rising-prices-negative-equity-persists\/"},"modified":"2018-12-30T18:22:05","modified_gmt":"2018-12-30T18:22:05","slug":"despite-rising-prices-negative-equity-persists","status":"publish","type":"post","link":"https:\/\/amazingproperty.com.ng\/blog\/despite-rising-prices-negative-equity-persists\/","title":{"rendered":"Despite Rising Prices, Negative Equity Persists"},"content":{"rendered":"<p>\n<\/p>\n<div readability=\"38.163461538462\">\n<!--\n\n<pre>-->  <\/p>\n<div property=\"dc:description\" readability=\"24.5\"><!--paging_filter--><\/p>\n<p>Though homeowners are seeing their equity grow\u2014properties with negative equity fell 3 percent in the first quarter of this year\u20142.5 million homes nationwide still are considered underwater, according to CoreLogic\u2019s Home Equity Report. Negative equity refers to borrowers who owe more on their mortgages than their homes are worth and can occur because of a decline in a home\u2019s value or an increase in <a href=\"https:\/\/amazingproperty.com.ng\/blog\/mortgage-preapproval-guide-for-home-buyers\/\">mortgage<\/a> debt.\u00a0<\/p>\n<p>But rising home prices are bringing more homeowners into the black. Nationwide, homeowners with a mortgage saw their equity rise 13.3 percent year over year. The average homeowner gained $16,300 in home equity between the first quarter of 2017 and the first quarter of 2018.<\/p>\n<p>As such, the number of residential properties in negative equity territory has been falling over the past few years. Negative equity reached a peak of 26 percent of mortgaged properties in the fourth quarter of 2009. The national aggregate value of negative equity was about $284.8 billion at the end of the first quarter. View the chart below to see negative equity by state.\u00a0<\/p>\n<p class=\"rtejustify\">\n<p><em>Source: \u201cThe Homeowner Equity Report,\u201d CoreLogic (June 2011)<\/em><\/p>\n<\/div>\n<\/div>\n<p><a hre=\"http:\/\/feedproxy.google.com\/~r\/DailyRealEstateNews\/~3\/YIvNf-p1EEI\/despite-rising-prices-negative-equity-persists\"> Realtors <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Though homeowners are seeing their equity grow\u2014properties with negative equity fell 3 percent in the first &hellip; <a title=\"Despite Rising Prices, Negative Equity Persists\" class=\"hm-read-more\" href=\"https:\/\/amazingproperty.com.ng\/blog\/despite-rising-prices-negative-equity-persists\/\"><span class=\"screen-reader-text\">Despite Rising Prices, Negative Equity Persists<\/span>Read more<\/a><\/p>\n","protected":false},"author":1,"featured_media":8729,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"advanced_seo_description":"","jetpack_seo_html_title":"","jetpack_seo_noindex":false,"jetpack_seo_schema_type":"","_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"jetpack_post_was_ever_published":false},"categories":[4],"tags":[12908,543,3051,627,127,408,312,1007,41,818,479],"class_list":["post-8728","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-opportunities-in-new-markets","tag-home","tag-home-buying-guide","tag-homeowner","tag-homeowners","tag-homes","tag-mortgage","tag-mortgages","tag-owners","tag-property","tag-real","tag-realtor"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2018\/06\/1806_CoreLogic_Negative_Equity.jpg?fit=1200%2C1678&ssl=1","jetpack_sharing_enabled":true,"jetpack-related-posts":[{"id":1903,"url":"https:\/\/amazingproperty.com.ng\/blog\/homeowners-find-an-equity-bright-spot\/","url_meta":{"origin":8728,"position":0},"title":"Homeowners Find an Equity Bright Spot","author":"Amazing Property","date":"March 13, 2017","format":false,"excerpt":"One million U.S. borrowers regained equity in 2016, according to CoreLogic\u2019s newly released housing\u00a0report. Further, about 63 percent of all homeowners saw their equity increase last year. Read more: More Homeowners Turn to Their Equity Again Now, 93.8 percent of all mortgaged properties\u2014or about 48 million homes\u2014are in positive equity\u2026","rel":"","context":"In &quot;Opportunities In New Markets&quot;","block_context":{"text":"Opportunities In New Markets","link":"https:\/\/amazingproperty.com.ng\/blog\/category\/opportunities-in-new-markets\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":11494,"url":"https:\/\/amazingproperty.com.ng\/blog\/homeowners-saw-almost-20-equity-jump-in-a-year\/","url_meta":{"origin":8728,"position":1},"title":"Homeowners Saw Almost 20% Equity Jump in a Year","author":"Amazing Property","date":"November 21, 2022","format":false,"excerpt":"Equity Jump, The first quarter of 2021, the average homeowner gained about $33,400 in equity over the past year. \u00a0 Existing homeowners may be feeling richer since they've received a notable boost to their home equity over the last year. Homeowners with a mortgage have seen their equity climb nearly\u2026","rel":"","context":"In &quot;Opportunities In New Markets&quot;","block_context":{"text":"Opportunities In New Markets","link":"https:\/\/amazingproperty.com.ng\/blog\/category\/opportunities-in-new-markets\/"},"img":{"alt_text":"Equity Jump","src":"https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2021\/06\/Equity-Jump.png?fit=1024%2C733&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2021\/06\/Equity-Jump.png?fit=1024%2C733&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2021\/06\/Equity-Jump.png?fit=1024%2C733&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2021\/06\/Equity-Jump.png?fit=1024%2C733&ssl=1&resize=700%2C400 2x"},"classes":[]},{"id":5763,"url":"https:\/\/amazingproperty.com.ng\/blog\/report-1-in-4-homes-now-equity-rich\/","url_meta":{"origin":8728,"position":2},"title":"Report: 1 in 4 Homes Now Equity Rich","author":"Amazing Property","date":"August 17, 2017","format":false,"excerpt":"Homeowners should be feeling richer. At the end of the second quarter, more than 14 million U.S. properties were considered equity rich. (That means the combined loan amount secured by the property was 50 percent or less of the estimated market value of the property.) Nearly 320,000 properties joined the\u2026","rel":"","context":"In &quot;Opportunities In New Markets&quot;","block_context":{"text":"Opportunities In New Markets","link":"https:\/\/amazingproperty.com.ng\/blog\/category\/opportunities-in-new-markets\/"},"img":{"alt_text":"1503014319_1_rss.png","src":"https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2017\/08\/1503014319_1_rss.png?fit=599%2C659&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2017\/08\/1503014319_1_rss.png?fit=599%2C659&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2017\/08\/1503014319_1_rss.png?fit=599%2C659&ssl=1&resize=525%2C300 1.5x"},"classes":[]},{"id":1934,"url":"https:\/\/amazingproperty.com.ng\/blog\/a-glance-at-homeowners-equity-by-state\/","url_meta":{"origin":8728,"position":3},"title":"A Glance at Homeowners\u2019 Equity by State","author":"Amazing Property","date":"March 14, 2017","format":false,"excerpt":"Rising home prices are boosting homeowners\u2019 equity across the country. Nationwide, owners saw home equity rise, on average, by $13,700 during 2016, according to CoreLogic\u2019s latest \u201cHomeowner Equity Report.\u201d States like Washington and Oregon saw some of the largest home-price appreciation last year, up $31,000 and $27,000, respectively. Take a\u2026","rel":"","context":"In &quot;Opportunities In New Markets&quot;","block_context":{"text":"Opportunities In New Markets","link":"https:\/\/amazingproperty.com.ng\/blog\/category\/opportunities-in-new-markets\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2017\/03\/CoreLogic%20equity.png?fit=1189%2C935&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2017\/03\/CoreLogic%20equity.png?fit=1189%2C935&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2017\/03\/CoreLogic%20equity.png?fit=1189%2C935&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2017\/03\/CoreLogic%20equity.png?fit=1189%2C935&ssl=1&resize=700%2C400 2x, https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2017\/03\/CoreLogic%20equity.png?fit=1189%2C935&ssl=1&resize=1050%2C600 3x"},"classes":[]},{"id":7448,"url":"https:\/\/amazingproperty.com.ng\/blog\/homeowners-say-tax-reform-would-hurt-them\/","url_meta":{"origin":8728,"position":4},"title":"Homeowners Say Tax Reform Would Hurt Them","author":"Amazing Property","date":"December 13, 2017","format":false,"excerpt":"A majority of recently surveyed homeowners say that changing homeownership tax incentives would restrict their mobility and cause them financial strain, according to new data from the National Association of REALTORS\u00ae\u2019 fourth-quarter Housing Opportunities and Market Experience survey. Learn More About Tax Reform How Tax Reform Affects Homeowners in Each\u2026","rel":"","context":"In &quot;Opportunities In New Markets&quot;","block_context":{"text":"Opportunities In New Markets","link":"https:\/\/amazingproperty.com.ng\/blog\/category\/opportunities-in-new-markets\/"},"img":{"alt_text":"Narhometaxsurvey.jpg","src":"https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2017\/12\/NARHOMETaxSurvey.jpg?fit=1081%2C1081&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2017\/12\/NARHOMETaxSurvey.jpg?fit=1081%2C1081&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2017\/12\/NARHOMETaxSurvey.jpg?fit=1081%2C1081&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2017\/12\/NARHOMETaxSurvey.jpg?fit=1081%2C1081&ssl=1&resize=700%2C400 2x, https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2017\/12\/NARHOMETaxSurvey.jpg?fit=1081%2C1081&ssl=1&resize=1050%2C600 3x"},"classes":[]},{"id":7184,"url":"https:\/\/amazingproperty.com.ng\/blog\/underwater-homes-are-drying-up\/","url_meta":{"origin":8728,"position":5},"title":"\u2018Underwater\u2019 Homes Are Drying Up","author":"Amazing Property","date":"November 22, 2017","format":false,"excerpt":"As more homeowners see their property values rise, the number of homes that are seriously underwater continues to decrease. At the end of the third quarter, there were 4.6 million U.S. properties considered seriously underwater, which is down by more than 1.4 million properties from a year ago, according to\u2026","rel":"","context":"In &quot;Opportunities In New Markets&quot;","block_context":{"text":"Opportunities In New Markets","link":"https:\/\/amazingproperty.com.ng\/blog\/category\/opportunities-in-new-markets\/"},"img":{"alt_text":"1 Rss.png","src":"https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2017\/11\/1_rss.png?fit=599%2C586&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2017\/11\/1_rss.png?fit=599%2C586&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2017\/11\/1_rss.png?fit=599%2C586&ssl=1&resize=525%2C300 1.5x"},"classes":[]}],"_links":{"self":[{"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/posts\/8728","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/comments?post=8728"}],"version-history":[{"count":0,"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/posts\/8728\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/media\/8729"}],"wp:attachment":[{"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/media?parent=8728"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/categories?post=8728"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/tags?post=8728"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}