Price Appreciation = Good News For Homeowners
Price Appreciation = Good News For Homeowners
Many properties regained equity in the third quarter of 2015. This is great news as mortgaged properties are now in a positive equity situation. Frank Nothaft, CoreLogic’s Chief Economist, explains:
“Home price growth continued to lift borrower equity positions and increase the number of borrowers with sufficient equity to participate in the mortgage market. In the last three years, borrowers with at least 20 percent equity have increased by 11 […]