According to CoreLogic’s US Home Equity Report, released Monday, only about 4.1% of homeowners with mortgaged properties, which represent about 63% of all US homes, were underwater as of the end of 1Q 2019.
In 1Q 2019, the total number of US mortgaged residential properties with negative equity decreased -1% from 4Q 2018 to 2.2 million homes, or 4.1% of all mortgaged properties.
On a year-over-year basis, negative equity fell -11% from 2.5 million homes, or 4.7% of all mortgaged properties, in 1Q 2018.
The US national aggregate value of negative equity was approximately US$304.4 billion at the end 1Q 2019.
This is up quarter over quarter by approximately US$2.5 billion, from US$301.9 billion in 4Q 2018.
Read more: https://www.calculatedriskblog.com/2019/06/corelogic-22-million-homes-with.html#EjgXRTjpk77yavWh.99
On a year-over-year basis, the number of US homeowners with negative equity has declined from 2.5 million to 2.2 million