Texas Boasts Highest Percentage of Homes with Equity
If you’re a homeowner in Texas, chances are your house has positive equity.
According to new data released by CoreLogic, Texas has the highest percentage of homes with positive equity, at 98.1 percent.
Across the country, equity for homeowners has almost doubled to 6.9 trillion from only four years ago. According to CoreLogic Chief Economist Frank Nothaft, this rapid increase is due to improved home prices, dwindling distressed borrowers, and increases in principal repayment.
This positive trend is expected to continue through 2016 and into the next year as home prices continue to rise.
View the full CoreLogic Equity Report online.
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