{"id":15043,"date":"2019-03-08T13:59:33","date_gmt":"2019-03-08T13:59:33","guid":{"rendered":"http:\/\/www.anthonydidonato.net\/wordpress\/?p=15043"},"modified":"2019-03-08T13:59:34","modified_gmt":"2019-03-08T13:59:34","slug":"homeowners-richer-over-the-past-year","status":"publish","type":"post","link":"https:\/\/www.anthonydidonato.net\/wordpress\/homeowners-richer-over-the-past-year\/","title":{"rendered":"Homeowners Richer over the past year"},"content":{"rendered":"

Homeowners Richer over the past year<\/h2>\n
\"Homeowners<\/a>

Homeowners Richer over the past year<\/p><\/div>\n

Home equity continued to increase in the fourth quarter of 2018, with more homeowners profiting over rising home prices. U.S. homeowners with a mortgage saw their equity rise by 8.1 percent year over year in the fourth quarter of 2018, according to CoreLogic\u2019s Home Equity Report, released Thursday.<\/p>\n

The average homeowner has gained $9,700 in home equity between the fourth quarter of 2017 and the fourth quarter of 2018, the report showed. Western states saw some of the most significant annual gains. Nevada homeowners, for example, saw an increase of $29,400 in home equity over the past year, and Hawaii homeowners saw gains of about $26,900.<\/p>\n

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\u201cAs home prices rise, significantly more people are choosing to remodel, repair or upgrade their existing homes,\u201d said Frank Martell, president and CEO of CoreLogic. \u201cThe increase in home equity over the past several years provides homeowners with the means to finance home remodels and repairs. With rates still ultra-low by historical standards, home-equity loans provide a low-cost method to finance home-improvement spending. These expenditures are expected to rise 5 percent in 2019.\u201d<\/p>\n

The number of homes with a mortgage in negative equity\u2014where the homeowner\u2019s loan balance is higher than the home\u2019s current worth\u2014was at 2.2 million, or 4.2 percent of all mortgaged properties in the fourth quarter.<\/p>\n

However, with predictions of a 4.5 percent increase in home prices over the next year, about 350,000 homeowners could be lifted from being underwater and restored to positive equity, says Frank Nothaft, CoreLogic\u2019s chief economist.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n

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Source:<\/div>\n
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\u201cHomeowner Equity Report: Fourth Quarter of 2018<\/a>,\u201d CoreLogic (March 7, 2019)<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Homeowners Richer over the past year Home equity continued to increase in the fourth quarter of 2018, with more homeowners profiting over rising home prices. U.S. homeowners with a mortgage saw their equity rise by 8.1 percent year over year in the fourth quarter of 2018, according to CoreLogic\u2019s Home Equity Report, released Thursday. The … <\/p>\n

Continue reading<\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[16,8],"tags":[5,32,4,9],"class_list":["post-15043","post","type-post","status-publish","format-standard","hentry","category-news","category-real-estate-tips","tag-anthony-didonato","tag-news","tag-real-estate","tag-tips","item-wrap"],"yoast_head":"\nHomeowners Richer over the past year - Real Estate Agent and Sales in PA - Anthony DiDonato Broomall, Media, Delaware County and surrounding areas in Pennsylvania<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.anthonydidonato.net\/wordpress\/homeowners-richer-over-the-past-year\/\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/homeowners-richer-over-the-past-year\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/homeowners-richer-over-the-past-year\\\/\"},\"author\":{\"name\":\"admin\",\"@id\":\"http:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/#\\\/schema\\\/person\\\/964792b6994e8cc4cbddc36ad4824908\"},\"headline\":\"Homeowners Richer over the past year\",\"datePublished\":\"2019-03-08T13:59:33+00:00\",\"dateModified\":\"2019-03-08T13:59:34+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/homeowners-richer-over-the-past-year\\\/\"},\"wordCount\":276,\"publisher\":{\"@id\":\"http:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/#\\\/schema\\\/person\\\/964792b6994e8cc4cbddc36ad4824908\"},\"image\":{\"@id\":\"https:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/homeowners-richer-over-the-past-year\\\/#primaryimage\"},\"thumbnailUrl\":\"http:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/wp-content\\\/uploads\\\/2019\\\/03\\\/03082019.jpg\",\"keywords\":[\"Anthony DiDonato\",\"News\",\"Real Estate\",\"tips\"],\"articleSection\":[\"News\",\"Real Estate Tips\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/homeowners-richer-over-the-past-year\\\/\",\"url\":\"https:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/homeowners-richer-over-the-past-year\\\/\",\"name\":\"Homeowners Richer over the past year - 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