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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21434 W Mountain Cove Place Buckeye, AZ 85396

$2,500,000
5 Beds
4.5 Baths
4,954 SqFt
Status Active
MLS # 6683231
Property Type Single Family Residence
Price Type --
Incredible single level custom home opportunity in Verrado. Buyer still has the opportunity to choose all interior finishes and exterior elevation design. Main house is 4,300 square feet and the attached guest quarters is 654 square feet, for a total of 4,954 square feet with a four car garage. Also includes a swimming pool, spa and outdoor kitchen. This home features a captivating great room floor plan and is situated on an expansive 1.145 acre lot. Providing the perfect canvas for your vision of luxury living. this remarkable residence promises an unparalleled level of customization and sophistication. Click on More for more information: Step into the heart of this home, and be greeted by a kitchen that is as functional as it is beautiful. The buyer has the freedom to select their desired stone for the island, countertops, and backsplash, creating a kitchen that reflects their personal style and taste. Every cabinet in this culinary haven is equipped with slow-close drawers and doors, embodying the seamless blend of convenience and refine craftsmanship. Viking appliances and a pot filler adds an elegant touch to the culinary experience, while the presence of a butler pantry with a separate food prep area allows for seamless organization and efficiency. With 42 upper cabinets and 30 lower cabinets, ample storage space is provided, ensuring a clutter-free environment. The 3cm countertop edge profile adds a luxurious finishing touch to this stunning kitchen. The elegance continues throughout the home with a choice of 12x24 or 24x36 tiles in all wet areas, creating a cohesive and visually pleasing aesthetic. The 8 baseboards and solid core doors add an extra layer of sophistication and durability. Every bathroom in this custom home features custom stone and tile showers, exuding opulence and sophistication. The master shower is equipped with dual body systems, ensuring a spa-like experience in the comfort of your own home. Satin nickel Moen fixtures add a sleek and modern touch throughout. For effortless entertaining, a wet bar area is thoughtfully incorporated, complete with a sink, refrigerator, and icemaker, ensuring that refreshments are always close at hand. Indulge in the opportunity to create your dream home with this exceptional custom residence. From the meticulously designed kitchen to the luxurious outdoor oasis, every detail has been carefully considered to provide the ultimate in comfort, style, and functionality. Embrace the chance to curate a space that reflects your unique vision and experience the epitome of elegance and refinement in this remarkable custom home. Step outside and discover an oasis of relaxation and entertainment. The outdoor space boasts a fully equipped kitchen with a grill, icemaker, and dual burner gas cooktop, offering the perfect setting for al fresco dining and culinary adventures. An outdoor wood-burning fireplace sets the stage for cozy gatherings on cool evenings. The centerpiece of the outdoor area is the stunning 25x50 swim-up beach pool with a separate spill-over hot tub, providing a luxurious retreat for relaxation and recreation.

38520 N 103rd Place Scottsdale, AZ 85262

$2,500,000
4 Beds
4.5 Baths
4,481 SqFt
Status Active
MLS # 6695745
Property Type Single Family Residence
Price Type --
This captivating home, tucked into Desert Mountain's village of Eagle Feather, radiates exterior sophisticated charm and welcomes the impressive soft contemporary open, great room, split floorplan of the interior. Sitting adjacent to vast open space, the site provides stunning views of natural Sonoran Desert, colorful sunsets, mountains and city light sparkles. Exterior allure abounds with its tiled roof sections, graceful angles, and circular dimensions, creating a harmonious fusion of style and function. As you approach, the paver driveway leads you through a gated courtyard, beckoning you to experience the seamless transition between indoor and outdoor living. The charming ambiance is enhanced by a delightful three-tiered water feature, surrounded by a lush garden of exotic cacti, verdant trees, and fragrant shrubs, providing the perfect setting for relaxation and rejuvenation. Step through the grand metal and glass door into a spacious, light-filled interior that exudes luxury and comfort at every turn. The expansive great room serves as the focal point, offering unparalleled views and access to the outdoors, complemented by two striking floor-to-ceiling stacked stone walls adorned with a linear fireplace and mounted TV. For the culinary enthusiast, the kitchen is a true delight, featuring ample granite counter space, a generously sized island with bar seating, and high-end Viking appliances, all seamlessly integrated into the open-concept design that connects effortlessly to the formal dining area and circular casual dining space. Retreat to the sumptuous primary ensuite, situated in the South wing, a retreat unto itself, boasting a palatial layout complete with fireplace, mounted TV, circular sitting area with serene views, and access to a private patio. The spa-like bathroom is equally impressive, offering a lavish soaking tub, dual vanities, and a spacious walk-in shower, along with two designer closets designed to indulge the senses. A versatile office, studio or guest bedroom provides flexibility to accommodate various lifestyle needs. For family and guests two additional ensuites, one with pool access, are thoughtfully positioned in the North side of the home, ensuring peaceful privacy. For the utmost in outdoor enjoyment saunter out to the magnificent outdoor oasis. The stack stone circular spa spilling into the curvilinear lines of the negative edge pool invite the serene yet dazzling views. The covered living and dining spaces, pool side sunning spaces and built-in grill and bar provide hours of pleasure day and night. For cooler nights the stacked stone firepit entices star gazing into the magical skies. Throughout the home, attention to detail is evident, with design features such as geometric cove-lit ceilings, mitered windowpanes framing lush views, and luxurious finishes including stacked stone interior walls, tiled floors, low-pile carpeting in the bedrooms, and granite counters and vanities. Located in the prestigious Desert Mountain community, with a wealth of amenities, including 7 exclusive clubhouses, 7 championship golf courses, 20 miles of hiking trails, and more, promising a lifestyle of unparalleled luxury and recreation. Embrace the epitome of desert living and make this extraordinary residence your own, where every day is an opportunity to savor the beauty and tranquility of Desert Mountain. This property does not have a membership to The Desert Mountain Club available. Waitlists apply for membership.

16414 E Pinnacle Vista Drive Scottsdale, AZ 85262

$2,500,000
4 Beds
4 Baths
3,070 SqFt
Status Active
MLS # 6728098
Property Type Single Family Residence
Price Type --
Nestled on approximately 9.2 acres, this magnificent 3,070 square-foot, four-bedroom, four-bath home offers a blend of luxury and practicality, all with no HOA restrictions. The open floor plan ensures a seamless flow between the spacious living areas and the large bedrooms, making it perfect for family living and entertaining. features include: - **Three-car garage:** Plenty of space for vehicles and storage. - **Owned solar:** Energy-efficient and environmentally friendly. - **Sparkling saltwater pool:** with outdoor grill is Ideal for relaxation and recreation. - **Equestrian amenities:** - Gorgeous horse setup with a four-stall mare motel - Round pen and tie racks for training and grooming - Automatic waters for convenience - Dedicated feed and tack room Additionally, the property boasts a large metal garage for extra storage and 5,000-gallon holding tanks, ensuring ample water supply. Fully fenced for privacy and security, this property is a true gem for those seeking a blend of comfort, space, and top-notch amenities.

20689 E Pummelos Road Queen Creek, AZ 85142

$2,500,000
5 Beds
4.5 Baths
4,323 SqFt
Status Active
MLS # 6763001
Property Type Single Family Residence
Price Type --
Make no mistake, this is THE ONE! Check out this 4,323 sq. ft, TRUE 5 bedroom 4.5 bath, 3 Car Garage PLUS a 16x45 RV GARAGE in the heart of Queen Creek on nearly a 1/2 ACRE Lot. Located in the exclusive GATED community of Bridle Ranch, this Single Level home has the PERFECT floor plan, featuring an office, flex space & a NEXT-GEN SUITE! The main living space is on point & is designed for entertaining w/ its GOURMET Kitchen, Upgraded appliance package including 2 DISHWASHERS, a HUGE pantry & over sized island. The Primary Suite has great natural lighting & the bathroom of your dreams, with an over-sized soaking tub, rain shower, great counter space & 2 CLOSETS. Enjoy the indoor/outdoor living w/ the 20ft glass doors that lead out to your dream backyard & enjoy your heated DIVING Pool, SPA & fire pit. This insulated & AIR CONDITIONED RV Garage features pull-thru Roll Up Doors for easy access with all your Toys. Use it as an RV garage or as an extension of entertaining with the 16ft sliding door, extended covered patio, & built in outdoor kitchen, the potential is endless. Located within walking distance to the newest entertainment, restaurants & shopping (Fat Cats, Pecan Lake Entertainment, Horseshoe Park & Botanical Gardens), this place is what you have been looking for!

2017 N 1st Avenue Phoenix, AZ 85003

$2,500,000
2 Beds
6 Baths
5,224 SqFt
Status Active
MLS # 6757718
Property Type Townhouse
Price Type --
Chateaux on Central, a collection of unique 5 Story brownstones in the heart of the Phoenix Arts district. Residence 18, designed by renowned interior designer Beth McGehee/SB Design Studio, has impeccable flair. 5 Levels of opulence w/ refined features: Stately gated front entry courtyard, commercial grade elevator, wood floors, award winning kitchen w/ Wolf & Sub-Z appliances. 5th Floor for large scale entertainment w/ an end unit terrace, unbeatable city skyline views & kitchen service. Lower level guest suite w/ separate entry & laundry, multiple private terraces throughout & 2 car garage. Walking distance to restaurants, bars, coffee shops, theatre, light rail - minutes from Sky Harbor Airport & all points downtown (sports venues) by rail or by car. Treat yourself to this experience!

3816 N 53rd Way Phoenix, AZ 85018

$2,500,000
4 Beds
3 Baths
2,752 SqFt
Status Active
MLS # 6757152
Property Type Single Family Residence
Price Type --
This is the quintessential Arcadia proper home. Located just steps to Hopi Elementary. This large lot offers plenty of space to entertain and relax at home. All new windows offer the natural light that we all love. The updated kitchen expands the possibilities of luxury life in Arcadia proper. Come tour this home today!

6101 E Maguay Road Cave Creek, AZ 85331

$2,500,000
4 Beds
4 Baths
4,934 SqFt
Status Active
MLS # 6760006
Property Type Single Family Residence
Price Type --
Horse lovers, come and get it! This 5-acre Equestrian's dream is less than 1 mile north from downtown Cave Creek. Tucked away on a private dead end street, this property offers the ideal mix of privacy & access w/ gorgeous 360-degree mountain views. Timeless yet modern designer aesthetics throughout the 4900 sqft home. It is constructed w/ 4 bedrooms, 3 of which are full ensuites, 2 full beautiful kitchens each w/ walk-in pantries, a separate office, and full walkout downstairs' with storage or bonus room for your imagination. The triple hinged balcony doors are an entertainer's delight. Imported Italian & Spanish tile, Canadian wood flooring, and craftsman welded railings deliver on the word custom. The main kitchen is equipped w/ Bosch Appliances and a 129 bottle dual zone wine cooler The horse set up offer a 4 stall barn with attached run outs, and separate tack and supplement rooms. There is a large fenced turn out to the west of the property. There is a level area just east of the house that would be ideal for an arena. Convenient vehicle access to the barn through a separate gate for your hay and shavings deliveries as well as trailer parking. You can ride to the trails right from your property. ***** No Flood Plain on this property ****

7823 E Celestial Street Carefree, AZ 85377

$2,500,000
5 Beds
6 Baths
5,138 SqFt
Status Active
MLS # 6767227
Property Type Single Family Residence
Price Type --
STUNNING HOME IN CAREFREE, AZ- A BREATHTAKING 5-ACRE ESTATE OFFERING UNPARALLELED PRIVACY, LUXURY, AND CLASSY SOUTHWESTERN-MEETS-MEDITERRANEAN CHARM. THIS ELEGANTLY ECLECTIC PROPERTY HAS 5,325 SQ FT OF THOUGHTFULLY DESIGNED LIVING SPACE FEATURING EXPOSED WOOD BEAMS & ADOBE-STYLE STUCCO EXTERIOR WALLS. INSIDE, THE HOMES OFFER 5 SPACIOUS BED RMS & 6 BATHS, IDEAL FOR LG FAMILIES OR HOSTING GUESTS. THE HEART OF THE HOME IS A BEAUTIFULLY APPOINTED KITCHEN WITH CUSTOM CABINETRY & A COZY LIVING ROOM. EXPANSIVE WINDOWS THROUGHOUT THE HOME PROVIDE AN ABUNDANCE OF NATURAL LIGHT & PANORAMIC VIEWS OF THE SURROUNDING DESERT LANDSCAPE. STEP OUTSIDE TO A LUXURIOUS RESORT- STYLE POOL & SPA, THE ULTIMATE RETREAT FOR RELAXING & ENTERTAINING. THE ESTATE ALSO FEATURES A 720 SQ FT GUEST HOUSE, OFFERING A PRIVATE OASIS WITH TREES; EQUIPPED WITH HORSE PRIVILEGES, AND ACCESS TO 11 MILES OF THE GALLOWAY PRESERVE. THIS PROPERTY IS AN EQUESTRIAN'S DREAM WITH AMPLE ROOM FOR HORSE FACILITIES, PRIVATE WELL, GARDENS, OR FUTURE EXPANSIONS, ALL SURROUNDED BY THE SERENE BEAUTY OF THE SONORAN DESERT. THIS CAREFREE ESTATE COMBINES CUSTOM SICILIAN-STYLE TILE ACCENTS WITH MODERN SOUTHWESTERN COMFORTS, OFFERING A GREAT OPPORTUNITY TO OWN A SLICE OF ARIZONA PARADISE. DON'T MISS OUT ON THIS EXCEPTIONAL PROPERTY!

27211 N 111 Street Scottsdale, AZ 85262

$2,500,000
3 Beds
3.5 Baths
3,653 SqFt
Status Active
MLS # 6762898
Property Type Single Family Residence
Price Type --
Nestled in the serene landscape of North Scottsdale, this rustic luxury retreat offers a peaceful escape on 4.76 acres of tranquil desert beauty, complete with unobstructed panoramic views. The residence features a split floor plan with three bedrooms, including a luxurious primary suite with immediate patio access, a spacious walk-in closet, two private bathrooms one of which is spa-like featuring neutral and granite finishes, a separate shower, and a sumptuous soaking tub. Two additional bedrooms and office space are located on the opposite side of the home for added privacy. A private exterior entrance leads to the dedicated office space, ideal for remote work. The property boasts a sparkling pool, relaxing hot tub, an outdoor fireplace, and a rooftop deck—perfect for watching Arizona's breathtaking sunsets. The bonus game room offers direct patio access to the pool and outdoor fireplace, creating the perfect entertainment space for both indoor and outdoor living. The home includes three full bathrooms, a powder room off the kitchen, and an additional powder room connected to the game room with direct access from the pool. Recent updates include a new air conditioning unit in 2021, a new roof in 2022, and a sun screen on the patio near the game room, installed in 2019. With an updated kitchen, private casita, wrap-around driveway, and detached work garage ideal for a mechanic or great storage for your car collection, this property is the perfect blend of rustic charm and luxury, offering a peaceful sanctuary in the heart of the desert.

5060 S Avenida Corazon De Oro -- Gold Canyon, AZ 85118

$2,500,000
4 Beds
3.5 Baths
4,765 SqFt
Status Active
MLS # 6779848
Property Type Single Family Residence
Price Type --
MLS lot listing 6632766 and lot listing 6535955 to be included in the sale. Experience luxury living at Vista Del Corazon in this custom hillside estate totaling 1.91 acres spread over 3 lots overlooking the 4th hole of the Dinosaur course at Gold Canyon Resort, framed by the stunning Superstition Mountains. This estate's disappearing glass wall seamlessly connects indoor and outdoor spaces, revealing mountain views from the gourmet Thermador kitchen with dual islands and tons of storage. Entertain in style with a formal dining/billiards room and wet bar and home theatre. The primary suite offers panoramic views, dual vanities, an oversized shower, and dual closets. Outdoors, a zero-edge pool and spa, paired with travertine tile, create a perfect multiple tiered entertaining space.

10699 E Fernwood Lane Scottsdale, AZ 85262

$2,500,000
3 Beds
3.5 Baths
2,990 SqFt
Status Active
MLS # 6776062
Property Type Single Family Residence
Price Type --
Beautiful soft contemporary golf course home. Offering views of mountain vistas, sunsets, and city lights! Featuring 3 bedrooms and 3.5 bathrooms, natural wood flooring, upgraded custom cabinets throughout, granite and quartzite countertops, 2 fireplaces and separate wet bar. Private outdoor living with sparkling pool, built-in bbq, and multiple patio spaces to enjoy the sunrise, sunsets, and twinkling valley lights. Full golf membership available.

10362 E Nolina Trail Scottsdale, AZ 85262

$2,500,000
4 Beds
4.5 Baths
3,901 SqFt
Status Active Under Contract
MLS # 6771865
Property Type Single Family Residence
Price Type --
GOLF MEMBERSHIP AVAILABLE. Ideal location within the world class community of Desert Mountain. This beautiful home is being sold fully furnished. Lovely backyard backs to very private, natural open space on two sides with mountain views Walking distance to Sonoran Fitness Club. Impeccable home with fabulous kitchen & family room; beautiful dining room & sitting room with fireplace all looking out onto pool, patio & mountains; All rooms have large, wonderful glass windows bringing the outside in. 4 large on-suite bedrooms; wonderful bar. 3 car garage. A great home for entertaining!

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