712,000 Homes in the US Regained Equity in the Past 12 Months!

712,000 Homes in the US Regained Equity in the Past 12 Months! | Simplifying The Market

CoreLogic’s latest Equity Report revealed that “over the past 12 months, 712,000 borrowers moved into positive equity.” This is great news, as the share of homeowners with negative equity (those who owe more than their home is worth), has dropped more than 20% since the peak in Q4 of 2009 (26%) to 4.9% today.

The report also revealed:

  • The average homeowner gained approximately $14,900 in equity during the past year.
  • Compared to Q3 2016, negative equity decreased 22% from 3.2 million homes, or 6.3% of all mortgaged properties.
  • U.S. homeowners with mortgages (roughly 63% of all homeowners) have seen their equity increase by a total of $870.6 billion since Q3 2016, an increase of 11.8%, year-over-year.

The map below shows the percentage of homes by state with a mortgage and positive equity. (The states in gray have insufficient data to report.)

712,000 Homes in the US Regained Equity in the Past 12 Months! | Simplifying The Market

Significant Equity Is on The Rise

Frank Nothaft, Chief Economist at CoreLogic, believes this is great news for the “housing market.” He went on to say:

“Homeowner equity increased by almost $871 billion over the last 12 months, the largest increase in more than three years. This increase is primarily a reflection of rising home prices, which drives up home values, leading to an increase in home equity positions and supporting consumer spending.”

Of the 95.1% of homeowners with positive equity in the U.S., 82.9% have significant equity (defined as more than 20%). This means that more than three out of four homeowners with a mortgage could use the equity in their current home to purchase a new home now.

The map below shows the percentage of homes by state with a mortgage and significant equity.

712,000 Homes in the US Regained Equity in the Past 12 Months! | Simplifying The Market

Bottom Line

If you are one of the many homeowners who are unsure of how much equity you have in your home and are curious about your ability to move, let’s meet up to evaluate your situation.

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5905 E Camelback Road Phoenix, AZ 85018

$3,699,999
5 Beds
5 Baths
4,328 SqFt
Status Active
MLS # 6723071
Property Type Single Family Residence
Price Type --
Welcome to an exquisite estate nestled in the heart of Phoenix's prestigious Arcadia neighborhood. This luxurious residence offers an unparalleled blend of elegance, comfort, and modern amenities, making it the perfect retreat for discerning buyers. Ideally situated at the base of Camelback Mountain, this property boasts breathtaking mountain views and provides direct secured ally access to Arcadia's hiking trails, walking paths and bicycle rides. This expansive home features 5 spacious bedrooms and 5 elegantly designed bathrooms, ensuring ample space for family and guests. The open-concept floor plan with 3643 sqft in the main house includes a grand living room with soaring 12ft ceilings and cozy fireplace, a formal dining area, stunning hardwood floor, and a 685 sqft fully equipped kitchen in the guest house with a huge steam shower all designed for seamless entertaining. The gourmet kitchen is a chef's dream, complete with high-end Wolf and Viking stainless steel appliances, custom cabinetry, a large center island, and stunning porcelain countertops. The luxurious master suite is a private oasis featuring a spa-like ensuite bathroom with a soaking tub, a separate shower, dual vanities, and a huge walk-in closet. Step outside to your private backyard paradise, featuring a sparkling pool & spa, a covered patio with an outdoor kitchen, and meticulously landscaped grounds, perfect for relaxation and entertaining. This home also includes a home office/den, 3-car garage, RV Parking, security gate with intercom system, all TV appliances and state-of-the-art smart home technology for modern convenience and security. Experience the epitome of luxury living, where every detail has been thoughtfully crafted to offer the ultimate in comfort and style. Come and discover all that this remarkable property has to offer.

20 Sierra Roja Circle Sedona, AZ 86351

$3,699,900
5 Beds
5 Baths
5,355 SqFt
Status Active
MLS # 6743613
Property Type Single Family Residence
Price Type --
2.09 Acre Compound/Getaway Retreat and/or Incredible Investment Opportunity minutes away from Red Rock Crossing! DEAD-ON views of the iconic Cathedral Rock upon entering property. EXTENSIVE2024 REMODEL of this Craig Stromme masterpiece features a Stunning transformation of rustic meets contemporary with subtle hints of the Southwest. SINGLE LEVEL LIVING perfect for Multi-generational living and/ or work from home with multiple options for office/home gym/yoga/game room/bar/ art studio. AWESOME RED ROCK VIEWS from every room & from the open exterior center Courtyard. IMPRESSIVE Interior of main home boasts10ft ceilings adorned by multiple glass sliders and windows create an inviting, open, bright and airy living space. Coffered ceilings with dazzling chandeliers adorn the SPACIOUS dining room and kitchen. Create your favorite Culinary delights in the HUGE chef's kitchen boasting white quartz countertops, massive center island with built-in Smart convection/microwave combo and two beverage fridges, White Café Appliances, including commercial grade 6-burner propane cooktop with brushed copper hardware, soft close cabinet doors, farmhouse sink, lower level cabinets w/ pullouts and two breakfast bar/serving areas. Primary bedroom suite has HUGE bath including elongated walk-in tiled shower with two oversized rain shower heads and two hand-held wands, soaking tub, dual vanities with Oversized Smart mirror. Continue down the Grand Hallway and enjoy your art collection displayed in a custom niche cluster on the way to two cozy guest bedrooms with shared bath. Attached Guest Casita across courtyard includes spacious ensuite bedroom w/ separate entrance, a HUGE Studio/Game Room/Office Area with large wet bar w/ dual beverage fridges and an adjoining Guest Suite with kitchenette/dining combo, perfect for a live in caretaker/property staff with separate entrance. Two HUGE 600 sf garages with 12 ft ceilings with one side open to the courtyard. Use one for vehicles and the other as an open-air shaded relaxation area complete with Red Rock Views OR put in a pickelball court! Plenty of space for all your toys and acreage to build an oversized RV Garage and/or shelter paddocks for horses. An Entertainer's Dream Home, take the party outside for good times in the spacious 2,640 sf courtyard complete with heated and lighted lap pool, adjoining hot tub, sunken sitting area with firepit and trellised BBQ Station with SS Blaze Grill w/ prep sink, built-in fridge and storage. Prime Location offers a hiker's paradise with Red Rock Crossing and Baldwin Trail just minutes away. Enjoy world-class golf, shops, dining, galleries, and amenities within a two-minute drive. This extraordinary property offers a unique blend of luxury, functionality, and natural beauty. Schedule your showing today to explore this magnificent estate and make it your own. Welcome Home! Additional Features include: · Custom cabinetry throughout · 3- ft wide doors throughout · 2 Bosch tankless water heaters, · 2 Green Energy RHEEM A/C Gas Pack Units · Climate-controlled storage with built-in shelves · Sierra Pacific aluminum clad wood low-E windows and doors · Roof Professionally coated and sealed in 2024, · New 2,000-gallon septic system installed in 2024. · Sprinkler System for Fire Safety Overview: Discover your personal and private oasis in unincorporated Sedona with this breathtaking 2.09 acre estate and getaway retreat, offering stunning unobstructed views of the iconic Cathedral Rock. Just minutes from Red Rock Crossing, this custom built Craig Stromme masterpiece was completely remodeled in 2024 with high-end finishes throughout, seamlessly blending rustic charm with contemporary elegance and subtle hints of the Southwest. Ideal for the private professional, multi-generational living, large families, a versatile work-from-home space, or fantastic investment opportunity. Property Features: Spectacular Views: Every room in the main home and the open exterior center courtyard boasts awe-inspiring Red Rock views, ensuring an ever-present connection to nature's beauty. Single-Level Living: Perfect for easy accessibility and multi-generational living, this home features a thoughtfully designed floor plan with numerous spaces adaptable for office, home gym, yoga studio, or art studio. Grand Interior: Step into a bright and airy space with 10-ft ceilings, multiple glass sliders, and windows. The spacious dining room and kitchen feature coffered ceilings adorned with dazzling chandeliers, creating a stunning visual impact. Chef's Kitchen: The expansive kitchen is a culinary delight, showcasing white quartz countertops, a massive center island with built-in smart convection oven microwave combo and two beverage fridges, and premium commercial grade appliances. A 6-burner propane cooktop with pot filer and brushed copper hardware, soft-close cabinets, farmhouse sink, and dual breakfast bars offer both functionality and style. Luxurious Primary Suite: The primary bedroom suite includes a lavish bath with an elongated walk-in tiled shower featuring dual oversized rain shower heads and handheld wands, a soaking tub, dual vanities with an oversized smart mirror, and ample closet space. Guest Accommodations: The attached guest casita across the courtyard offers a spacious en-suite bedroom with a separate entrance, a huge studio/game room/office area with a wet bar and dual beverage fridges, and an adjoining guest suite with kitchenette and dining comboperfect for live-in caretakers or property staff. Courtyard Oasis: The 2,640 sq ft courtyard is an entertainer's dream, complete with a heated lap pool with bench seating, therapeutic spa, sunken sitting area with a gas firepit, and a trellised BBQ station featuring a stainless steel Blaze Grill with prep sink, built-in fridge, and ample storage. Four Car Garage: Two massive 600 sq ft garages with 12 ft ceilings and LED honeycomb lighting with one side open to the courtyard. Use one for vehicles and the other as an open-air shaded relaxation area complete with Red Rock Views. Plenty of space for all your toys. Outdoor Space: Ample room for all your recreational needs, including space for an oversized RV garage, paddocks for horses, and shaded relaxation areas with Red Rock views. Prime Location: A hiker's paradise with Red Rock Crossing and Baldwin Trail just minutes away. Enjoy world-class golf, shops, dining, galleries, and amenities within a two-minute drive. Additional Features: Custom cabinetry throughout; Two Bosch tankless water heaters; 2 Green Energy RHEEM A/C Gas Pack Units- 2 Zones; climate-controlled storage with built-in shelves; Sierra Pacific aluminum clad wood low-E windows and doors; professionally coated and sealed roof in 2024; all doors are 3 ft wide; New 2,000 gallon septic system installed in 2024. This extraordinary property offers a unique blend of luxury, functionality, and natural beauty. Contact us today to explore this magnificent estate and make it your own!

6043 N 21st Place Phoenix, AZ 85016

$3,699,000
5 Beds
4.5 Baths
6,182 SqFt
Status Active
MLS # 6770458
Property Type Single Family Residence
Price Type --
This Tuscan inspired property offers a unique opportunity to own a fairytale castle like estate in the heart of the Biltmore area. Located inside the gates of 2200 Bethany Home, a private community of only 14 homes, this residence is perched on over an acre of land, offering expansive views of the surrounding mountains and iconic Valley landmarks. The long, private driveway provides a secluded entrance, giving the property a true sense of exclusivity. With 16-foot coffered ceilings and expansive travertine floors, the home's open-concept layout is ideal for hosting large gatherings. The grand dual staircase makes a bold statement at the entrance, setting the tone for the luxurious experience inside. The formal dining room, family room, breakfast nook, and primary suite all open to wraparound covered balconyoffering stunning views from every room and plenty of space for outdoor dining and entertainment.The chef's kitchen is equipped with SubZero and Wolf appliances, a large center island, and a built-in breakfast bar, providing all the tools needed to cater to any event. The primary suite is designed for comfort, featuring a fireplace, a sitting area, a massive closet, a convenient laundry room and private balcony. The spa-like bath includes a double entrance shower, travertine wrapped therapeutic tub and perfect for relaxation. The lower level is easily accessible by elevator, leading to three additional bedrooms, each with its own en-suite bath, and a state-of-the-art soundproof media room. Outside, the Italian grotto-inspired limestone pool, complete with water features, creates a resort-like atmosphere. The manicured grounds and large grassy area provide ample space for outdoor activities and gatherings. For car enthusiasts, the property offers garage space for 5-7 cars, secured by a private gate, making it the ideal home for those with a passion for automobiles. Additionally, four new Trane AC units ensure the home is comfortable year-round. This estate offers the perfect blend of luxury, privacy, and the convenience of being in the middle of the city, designed for those who love to entertain in style. Seller is open to a seller carry sale.

6623 E Aster Drive Scottsdale, AZ 85254

$3,699,000
4 Beds
5 Baths
4,278 SqFt
Status Active
MLS # 6775294
Property Type Single Family Residence
Price Type --
New construction in a quiet neighborhood just minutes from Scottsdale Quarter, Kierland, the new PV Mall, restaurants, the Mayo Clinic, great schools, Hwy 101 & more. Split floor plan w/4,278 sq ft on a half-acre, 4 ensuite bedrooms, 5 baths, office, bonus room, and a great room with soaring ceilings & a glass wall of retractable doors leading to an AZ backyard paradise w/a 4,500 sq ft bi-level patio surrounding a large negative edge pebble sheen pool & infinity spa! Quality abounds w/black Andersen windows, Hinkley Lighting, 48'' Viking gas range, micro & dishwasher, a 66'' professional refrigerator, a large Taj Mahal Quartz waterfall island, white oak flooring, a concealed 14x7 ft butler's pantry & much more! See the supplement below or docs tab for an extensive features list (Cont'd) LUXURIOUS DESIGN **

5625 E Indian Bend Road Paradise Valley, AZ 85253

$3,695,000
4 Beds
3 Baths
3,887 SqFt
Status Active
MLS # 6777361
Property Type Single Family Residence
Price Type --
Welcome to Arizona's oceanfront property, featuring breathtaking, head-to-tail unobstructed views of Camelback Mountain. Nestled on Mummy Mountain and adjacent to a private reserve, this exquisite single-level residence offers the perfect blend of luxury and tranquility. With four spacious bedrooms and three beautifully appointed baths, this home provides ample space for family and guests. The primary suite includes a cozy sitting room with a gas fireplace, while the inviting family room features a second gas fireplace, perfect for gatherings. Elegant formal living and dining areas create an ideal setting for entertaining, complemented by a gourmet eat-in kitchen equipped with high-end appliances. Elegant tile and wood flooring enhance the home's... sophisticated ambiance. Accessing this mountain retreat is easy, thanks to the convenient driveway that ensures effortless entry. Step outside to your private pool surrounded by lush landscaping, with a spacious terrace perfect for enjoying the stunning mountain and city views. This extraordinary property embodies the essence of Arizona living, offering comfort, elegance, and natural beauty. Dont miss your chance to own this exceptional Paradise Valley gem.

3648 N Sky Point Circle Mesa, AZ 85207

$3,675,000
5 Beds
5 Baths
6,000 SqFt
Status Active
MLS # 6640413
Property Type Single Family Residence
Price Type --
Spectacular Views from this Beautiful Modern Masterpiece '' TO BE BUILT'' home. Perched in the Mountainside Hilltop Community of Las Sendas. This home was meticulously designed to maximize all the best attributes and views of this almost 2 acre lot. This gated community sits elevated in the Sky Mountain exclusive neighborhood giving this home privacy and 360 degree views of the valley coupled with luxury features for the most discerning tastes. This home will take 12-14 months to build and has already been thru HOA approval and is ready to break ground. Come drive and walk the lot and meet the builder to discuss making this new home yours!

6516 E Maverick Road Paradise Valley, AZ 85253

$3,675,000
4 Beds
4.5 Baths
4,225 SqFt
Status Active
MLS # 6758994
Property Type Single Family Residence
Price Type --
Opportunity Waiting... Exceptional location in Camelback CC. *****PV approval pending for remodeling/addition permit - plus guest house***Permit expected by end Sept 2024*** Permit included with purchase*** Plans, renderings, etc. available upon request. Current home is very livable. Home was an excellent rental.

39336 N Old Stage Road Cave Creek, AZ 85331

$3,650,000
4 Beds
4.5 Baths
4,503 SqFt
Status Active
MLS # 6522951
Property Type Single Family Residence
Price Type --
'Pre-Construction' Spectacular Hillside Custom Contemporary, located in The Village at Go John Canyon. MODEL HOME UNDER CONSTRUCTION NEXT DOOR ON PARCEL 5. No HOA, but thoughtful Design Guidelines apply. Nestled into the upslope of Go John Mountain, this 4503 sq. ft. Desert Contemporary will feature over 3200 sq. ft. main level living and 1300 sq. ft. lower lever attached Guest Home. Fabulous Great Room, Temp controlled glass enclosed wine room, luxurious Owner's Suite, an elevator and the most incredible expansive views. Exceptional luxury for multi-generational living or generate income with separate lower-level guest Cottage. Go John Canyon by Del Rey Development is a hidden and secluded enclave of premium custom homes. Each estate sized parcel is 4.3 acres and borders the Desert Foothills Land Trust with direct, private trail access to Cave Creek Regional Park. This luxury home also includes a custom, heated pool/spa

5231 E Kaniksu Street Apache Junction, AZ 85119

$3,650,000
3 Beds
2 Baths
2,473 SqFt
Status Active
MLS # 6677803
Property Type Single Family Residence
Price Type --
Welcome to a one-of-a-kind opportunity to own a magnificent adobe block custom home nestled on 11.2 acres of picturesque land nestled at the base of the Superstition Mountains. Boasting panoramic views of the majestic Superstition Mountains, this property offers a rare blend of luxury living, income potential, and endless outdoor adventure. Step into a world of rustic elegance with this meticulously crafted adobe block home, where every detail reflects the charm and character of the Southwest. From the exposed wooden beams to the handcrafted finishes, this home exudes warmth and authenticity at every turn. Take advantage of the property's income-producing potential with a fully equipped horse stable and RV camping facilities.

8250 E Via Del Sol Drive Scottsdale, AZ 85255

$3,650,000
5 Beds
5 Baths
5,394 SqFt
Status Active
MLS # 6730619
Property Type Single Family Residence
Price Type --
Exquisitely renovated, this magnificent estate spans an impressive 5,300 square feet of opulent living space, gracing nearly one acre within the esteemed North Scottsdale guard gated Pinnacle Peak Country Club. The expansive primary suite indulges with a spa-like bathroom, dual closets, and a serene lounge area offering breathtaking views of the backyard oasis. The gourmet kitchen, adorned with state-of-the-art Thermador appliances and a majestic hood, effortlessly caters to grand entertaining with a seamless pass-through window to the outdoor haven. A well-appointed walk-in pantry enhances culinary convenience. Additional luxuries abound, including a meticulously climate-controlled wine cellar, a captivating fireplace, and three sumptuous bedroom suites exuding timeless elegance. A lavish guest house features a full-sized kitchen, luxurious bathroom, inviting bedroom, and expansive sliding doors opening to the shimmering poolside retreat.

40980 N 97th Street Scottsdale, AZ 85262

$3,650,000
4 Beds
4 Baths
4,954 SqFt
Status Active
MLS # 6758043
Property Type Single Family Residence
Price Type --
Situated on the 10th fairway of the beautiful Chiricahua golf course at Desert Mountain, this charming Santa Barbara style home offers sparkling city lights, sunset, mountain and golf course views. The open and flowing floor plan has three suites in the main home as well as a detached casita. The home is tucked back off of the street for ultimate privacy and has a courtyard entry complete with beautiful water feature and spacious patios. Enjoy the great views from the wrap around outdoor living space complete with pool/spa/bbq and outdoor living room with fireplace and tv. Exquisite details include multiple use of natural stone and wood thru out the home. Being offered turn key minus several of sellers personal items. Truly a must see!

3800 E Lincoln Drive Unit 57 Phoenix, AZ 85018

$3,650,000 - 5Br/7Ba -  for Sale in Estate Antigua, Phoenix
Open House
$3,650,000
5 Beds
7 Baths
8,032 SqFt
Status Active
MLS # 6780781
Property Type Single Family Residence
Price Type --
Exquisitely custom built Mediterranean hillside home nestled at the top of guard gated ''Estate Antigua'' in the Phoenix Mountain Preserve with unparalleled panoramic mountain & city light views! Cut into the mountain rock, and 1 of only 4 custom homes, this home features the highest elevation offering million dollar unobstructed majestic views of the Phoenix Mountain Preserve behind, to the sweeping valley views including uptown & downtown Phoenix in front. Located in the foothills next to Paradise Valley, you will feel like you've escaped to Sedona while being only minutes away from Scottsdale Fashion Square Mall, Old Town, and the Biltmore area... where you'll find world class shopping and countless restaurants of all gourmet levels. Whether you prefer a morning cup of coffee while coffee watching the sunrise over the mountains or an ice tea relaxing in the infinity edge spool at sunset, you'll find that you can't wait to get home after a long day at work. There is only one concern - once you are home, you'll never want to leave!

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