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CoreLogic Reports 2.8 Million Residential Properties with a Mortgage Still in Negative Equity U.S. Homeowners Gained an Average of Almost $13,000 in Equity 500,000 Homes Would Regain Equity If.
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Nearly 1 million properties returned to positive equity in the second quarter of 2014, bringing the total number of mortgaged residential properties with equity in the U.S. to more than 44 million.
Nine years after what is acknowledged as the start of the housing crisis about 2.5 million homeowners remain underwater, but that number is down by 0.7 million since the third quarter of 2016.
The first step was figuring out how many housing units with residential mortgages America has. According to the 2010 census, America is home to 131.7 million housing units. Of these, 76.4 million are owner-occupied, 37.5 million are rental units, and the remaining 17.2 million are vacant, and the remaining 600K are houseboats or other exotic.
Meanwhile, 9.7 million or 19.8% of all residential properties with a mortgage were still in negative equity at the end of the first quarter of 2013 with a total value of $580 billion.