TALKING POINTS … According to CoreLogic’s latest Negative Equity Report, the number of residential homes with negative equity, also referred to as being “underwater,” has been steadily declining in the last few years while the number of homes with equity has been on the rise. The report found that 256,000 residential properties regained equity in the third quarter, bringing the nationwide total to about 46.3 million, which calculates to approximately 92 percent of all homes with an outstanding mortgage. The number of residential properties with a mortgage that had negative equity as of the end of Q3 was at 4.1 million, or about 8 percent of all homes nationwide. This represented a decline of nearly 5 percent from Q2 2015 and nearly 21 percent from Q3 of 2014.
Real Estate in California