Timing the real estate market is crucial to building home equity and the resulting wealth.
U.S. homeowners with a mortgage gained nearly $14,000 in equity from the first quarter of 2023 to the second quarter.
As mortgage rates continue to tick up, HELOC activity is slowing.
U.S. homeowners with a mortgage lost equity on an annual basis for the first time since 2012, but that trend may not last long.
Annual U.S. home equity gains continued to slide during the fourth quarter of 2022 and declined substantially since the first quarter.
Read CoreLogic's year-end wrap-up for a high-level overview of major home price and housing market trends.
U.S. homeowners gained a total of $2.2 trillion in equity in the third quarter, up by 15.8% year over year but down significantly from the second quarter.
Home price appreciation dropped in July for the first time since December 2018, ending a 40-month streak of growth.
Home equity lines of credit (HELOCs) and home equity loans are gaining popularity as homeowners seek to tap their accumulated equity.
CoreLogic analysis shows U.S. homeowners with mortgages (roughly 63% of all properties*) have seen their equity increase by a total of over $3.6 trillion since the second quarter of 2021, a gain of 27.8% year over year.
CoreLogic analysis shows U.S. homeowners with mortgages (roughly 62% of all properties*) have seen their equity increase by a total of over $3.8 trillion since the first quarter of 2021, a gain of 32.2% year over year.
The Mountain-West region is the hottest housing market in the country, and according to the S&P CoreLogic Case-Shiller Home Price Index, Phoenix had the fastest year-over-year appreciation. Denver and Boise, Idaho, also showed up as desirable locations.