273,000 U.S. Residential Properties Regained Equity in Q3 2014

If home prices rose by 5% more—which is largely predicted to happen this year—an additional 1 million home owners now in negative equity would also move into positive territory, CoreLogic report.

Palm Coast, FL – January 12, 2015 – If home prices rose by 5 percent more—which is largely predicted to happen this year—an additional 1 million home owners now in negative equity would also move into positive territory, CoreLogic recently reported in its 3rd Quarter Equity Report.

The five states having the highest percentage of residential properties with negative equity are Nevada (25.4%), Florida (23.8%), Arizona (19.0%), Rhode Island (14.8%) and Illinois (14.1%).

Nevada, Florida, Arizona and Illinois account for 33.1% of negative equity in the U.S.

The five states having the highest percentage of residential properties with positive equity are Texas (97.4%), Alaska (97.1%), Montana (97.1%), Hawaii (96.4%) and North Dakota (96.1%).