Rising prices lift 1.4 million homeowners out of negative equity
Buying a HomeRising 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 […]
