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Large percentages of Central Valley homeowners still underwater


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2016 Sep 15, 6:05am   638 views  0 comments

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http://www.centralvalleybusinesstimes.com/stories/001/?ID=31245

Q2 sees 548,000 homes nationally pop up above water •  We see home prices rising another 5 percent in the coming year More than half a million (548,000) U.S. homeowners regained equity in the second quarter compared with the previous quarter, increasing the percentage of homes with positive equity to 92.9 percent of all mortgaged properties, or approximately 47.2 million homes, according to a report Thursday from financial information company CoreLogic Inc. (NYSE: CLGX) of Irvine.

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