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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2814 S Fossil Creek Lane Flagstaff, AZ 86001

$565,000
2 Beds
2 Baths
1,710 SqFt
Status Active
MLS # 6739279
Property Type Single Family Residence
Price Type --
Welcome home! This bright and cheery 3-bedroom, 2.5-bathroom home is fully furnished, boasting a thoughtful and cozi layout. The sunny living room welcomes you as you enter the home, with a comfortably sized powder room conveniently tucked away beneath the staircase. The dining room seamlessly combines with the kitchen, which features stainless steel appliances and a convenient breakfast bar for casual dining... The ample primary suite offers a peaceful escape with its well-appointed design-including plenty of room for a work station, treadmill or reading nook. A great feature of this home is the 2-car tandem garage, providing substantial space for your vehicles and additional storage needs. The backyard is surrounded by privacy fencing, complete with a paved patio area - perfect for ent

5497 S Joshua Tree Lane Gilbert, AZ 85298

$565,000
4 Beds
3 Baths
1,840 SqFt
Status Active
MLS # 6746360
Property Type Single Family Residence
Price Type --
Discover this impeccably maintained 4-bedroom, 3-bathroom home with an inviting open concept floor plan, nestled in the prestigious Bridge community. The updated kitchen features a natural gas oven/stove, a new microwave, a dishwasher, and a triple filtration system. This well-designed space seamlessly transitions into the dining and living areas, perfect for modern living. The extended garage offers ample space for large vehicles or additional storage. Professionally installed pavers adorn the side of the home, leading to a beautifully landscaped backyard. Enjoy a versatile outdoor area with a 16' x 2.5' planting bed, a 5' x 11' paved storage area, a covered patio, and a built-in gas hookup for your grill. Additional highlights include an owned water softener, stylish floating flooring in the master bedroom, a custom-designed screen door at the front entry, and a security system ready for reactivation. Experience the exceptional features of this home firsthand.

3211 E Kerry Lane Phoenix, AZ 85050

$565,000
4 Beds
2.5 Baths
1,880 SqFt
Status Active
MLS # 6758934
Property Type Single Family Residence
Price Type --
Nestled in a quiet cul-de-sac, this stunning 4-bed, 2.5-bath home offers the perfect blend of comfort and style. Enjoy the benefits of energy efficiency with Newly Leased solar panels. Relax in a Refreshing Pool at the end of your day or all weekend long! There are no neighbors behind to peer down at you. The sleek remodeled kitchen offers modern appliances, quartz countertops, and ample cabinetry, perfect for any home chef. Just minutes from Desert Ridge Shopping, Loop 101, and the Musical Instrument Museum. Fantastic location to get you anywhere in the Greater Metro area quickly.

2133 N Atwood -- Mesa, AZ 85207

$565,000
2 Beds
2 Baths
1,379 SqFt
Status Active
MLS # 6759727
Property Type Townhouse
Price Type --
Escape to your own Desert Oasis! This radiant 2 bed, 2 bath retreat in the coveted Mountain Bridge Community is ready to welcome you home. Built in 2017, this light-filled haven features a split floorplan, modern upgrades & abundant storage, including built-in garage cabinets. The kitchen is a chef's dream w/stainless steel appliances, generous pantry & ample counter space. The oversized laundry room & private grassy backyard backing to a scenic desert wash offer extra comfort. HOA covers roof & exterior paint making it a perfect lock-and-leave option. Mountain Bridge is an award-winning master-planned community w/extensive amenities- pools, fitness centers, tennis, pickleball & basketball courts, plus playground putting green. Bella Via adds its own private pool, spa, clubhouse & more!

3819 N Springfield Street Buckeye, AZ 85396

$565,000
3 Beds
2 Baths
2,036 SqFt
Status Active
MLS # 6764983
Property Type Single Family Residence
Price Type --
LOCATED IN HIGHLY DESIRABLE VERRADO, PRIDE OF OWNERSHIP, PARKING FOR 6 CARS! This Pulte Magnolia model features a cozy front porch, high-end turf in both front and backyard, expansive great room that opens to the gourmet kitchen w/island, breakfast bar, eat-in kitchen, formal dining room, staggered cabinets, Corian countertops, granite stone sink, wall oven, cooktop, black appliances, and a large pantry, the split master floor plan includes an oversized master suite, his/her closets, raised vanities w/double sinks, separate tub/shower, 2 large additional bedrooms, and full bath. The backyard boast of a covered patio, extended custom pavers designed for a park-like setting, built-in pergola makes this the perfect place for entertaining. The 2car garage includes high-end epoxy flooring, storage cabinets, an extended driveway with room to park 4 additional vehicles.

22337 E Via Del Palo -- Queen Creek, AZ 85142

$565,000
4 Beds
3 Baths
2,162 SqFt
Status Active
MLS # 6765247
Property Type Single Family Residence
Price Type --
Discover a stunning two-story home nestled within the prestigious Villages at Queen Creek Golf Course community. This corner lot residence offers breathtaking mountain views, a refreshing community pool, and a spacious interior designed for comfortable living. Key features include:Prime Location, Enjoy easy access to the 60 and 202 freeways, as well as a variety of shopping, dining, and entertainment options. Enjoy the convenience of a full bedroom and bathroom on the ground floor. Modern Updates include new tile, and updated cabinets and granite countertops. The expansive open concept living space features vaulted ceilings, a large kitchen with an island, and a generous pantry. Don't Miss this opportunity to make this house yours!

272 N 167th Lane Goodyear, AZ 85338

$565,000
4 Beds
3 Baths
2,735 SqFt
Status Active
MLS # 6767667
Property Type Single Family Residence
Price Type --
Welcome to your dream home in Canyon Trails! Nestled in a peaceful cul-de-sac, this 4-bedroom, 3-bathroom residence is loaded with premium upgrades. Step outside to your own slice of paradise, featuring a splash pad for endless summer fun and an outdoor kitchen perfect for al fresco dining and entertaining family and friends. The area directly behind your back fence boasts lush greenery, ensuring added privacy for your backyard. Enjoy the convenience of a full bedroom and bathroom on the main level, ideal for guests or multi-generational living. The extended garage provides ample space for your vehicles, while the built-in shelving offers extra storage and a dedicated workspace. Upstairs, the primary bedroom features a luxurious walk-in shower and two separate walk-in closets.

10521 E Hawk Avenue Mesa, AZ 85212

$565,000
3 Beds
2.5 Baths
2,104 SqFt
Status Active
MLS # 6767313
Property Type Single Family Residence
Price Type --
Beautiful residence in the esteemed Eastmark Community is the one! Lovely curb appeal with a well-maintained front yard and a 3-car garage. Be welcomed by an inviting foyer leading to the spacious living room enhanced with tall ceilings, pre-wired surround sound, and sleek wood-look tile flooring. The chef's kitchen is fully equipped with an electric cooktop, a wall oven, granite counters, a walk-in pantry, ample white cabinetry with crown molding, and an island with a breakfast bar. The primary retreat has plush carpeting, an immaculate ensuite, and a walk-in closet. Secondary bedrooms enjoy a Jack & Jill bathroom! The home's elegance extends outdoors to the tranquil backyard with a covered patio and pavers, great for relaxation. Make this gem yours today!

17814 N 137th Drive Sun City West, AZ 85375

$565,000
2 Beds
3 Baths
2,532 SqFt
Status Active
MLS # 6776829
Property Type Single Family Residence
Price Type --
This exquisite San Simeon model was originally designed by Del Webb as a 3-bedroom home or 2 bed with study. This particular one is unique because it actually has a 3rd bathroom. As you approach this stunning property, you're greeted by a private front courtyard that promises tranquil mornings and an intimate space for reflection or casual conversation. Inside, you'll find a home that with a spacious layout that is perfect for both relaxation and entertaining. The living spaces flow seamlessly to the extended back patio, where the home's true gem lies: breathtaking views of the golf course, lake, and distant mountains that has delighted the owners for a quarter of a century enjoying these sunsets from the extended patio. Garage can accommodate a golf-cart. Roof replaced 2019. Situated on a tranquil street void of through traffic, it's peaceful, yet convenience is just around the corner, with easy access to all the shopping, dining, and amenities that Sun City West has to offer. Live your adventure now.

112 N 3rd Street Buckeye, AZ 85326

$565,000
5 Beds
6.5 Baths
5,264 SqFt
Status Active
MLS # 6769706
Property Type Single Family Residence
Price Type --
Check out 1 of Historical Downtown Buckeye building that was built in 1927. Flood irrigation is available on this 15000 sq ft lot. This property can be residential or commercial. it has 5 bed, 6.5 baths . Roof had new sealant , all new pool equipment, and resurfacing. new primary shower, new flooring in dining area, remodeled front half bath. new hot water heater. 2 car garage plus 8 assigned parking spaces. Basement has bedroom and bath plus living area. Green house and a shed. Shared parking with bank,verify all info.

23105 E Camina Buena Vista Queen Creek, AZ 85142

$565,000
4 Beds
2.5 Baths
2,381 SqFt
Status Active
MLS # 6777387
Property Type Single Family Residence
Price Type --
MUST SEE! Take a look at this incredible 2,381 sqft single-story home with 4 bedrooms, large GREAT ROOM, and a prime spot near the community pool, splash pad, and parks—perfect for relaxing and having fun! Step inside to find a spacious, open floor plan that brings together the living, dining, and kitchen areas, making it great for both everyday life and hosting. The living room is bright and airy, thanks to large windows and a sliding glass door that lets in an abundance of natural light. The open kitchen has a sleek, modern look with upgraded countertops, plenty of cabinets, and a HUGE ISLAND —ideal for casual meals or hanging out with guests. The kitchen opens up perfectly to the great room and dining areas. The primary suite is split perfectly from the other three bedrooms features an upgraded bathroom. Head out back to enjoy a beautifully designed yard with a large covered patio, a cozy paver sitting area, and a low maintenance artificial turf area. It's perfect for entertaining, gardening, or just kicking back in your own private space to watch a breathtaking Arizona sunset. Other features include: 3 car tandem epoxy garage with built-in storage, energy efficient home, vinyl frame windows, new carpet, mudroom, reverse osmosis, water softener, tankless water heater, and so much more. This home is perfectly located in Queen Creek, AZ with every convenience just minutes away - close to shopping, Golfing, Freeways, Dining, Schools, Downtown Queen Creek. You don't want to miss out on this property. Schedule your showing today!

813 W Diamond Drive Tempe, AZ 85283

$565,000
3 Beds
2 Baths
1,915 SqFt
Status Active
MLS # 6782021
Property Type Single Family Residence
Price Type --
This beautifully upgraded home is a standout gem! Thoughtfully renovated inside and out, this home combines efficiency, elegance, and high-end finishes and is 100% move-in-ready. Be the very first to live in this freshly renovated home! Stunning wood-look porcelain tile throughout the entire home - no carpet here! Upgrades include solid maple cabinet doors, white quartz countertops, all new dual pane argon windows throughout the home, new fans, hardware, light fixtures, toilets, mirrors, and the list goes on and on!! The details and touches put into this home are unmatched. Freshly epoxied garage with storage cabinets, plus a RV gate w\ concrete slab for your motorhome, boats, or other toys. Add this one your short list - this home is gorgeous and completely turnkey!!

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