Homeowner equity rose again in the third
quarter of 2020, reaching the highest total in over six years. CoreLogic’s quarterly
report on that asset says that those homeowners with mortgages, about 63
percent of the total, saw their equity grow by 10.8 percent since the third
quarter of 2019. This equates to an increase in homeowner wealth of about $17,000
per household, the largest since the first quarter of 2014, and an aggregate
national gain of about $1 trillion. At the same time, the number of mortgages
that were in negative equity fell by 18.3 percent on an annual  basis.

 

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