Tag Archives: Rising prices lift 1.4 million homeowners out of negative equity

Rising home prices pulled more than 100,000 homeowners out of negative equity in the third quarter of 2012, bringing the total number of borrowers rebounding from ‘upside-down status’ to 1.4 million through the first three quarters of the year, CoreLogicsaid. By the second quarter of 2012, 1.3 million borrowers had reached positive-equity status. And by the third quarter, 10.7 million, or 22% of all residential properties with a mortgage, remained in negative equity, down from 10.8 million properties in the second quarter. An additional 2.3 million borrowers remain at-risk of […]