Home Equity Jumps to $726 Billion

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Year over year, equity rose by a total of $726 billion, or 10.8 percent. The most equity growth occurred on the West Coast. While the average homeowner saw equity rise by about $13,000, those in California, Washington, and Oregon had increases between $25,000 and $30,000.

Year over year, home equity grew by $726 billion, an increase of 10.8 percent. The company said 384,000 borrowers moved out of negative equity, increasing the percentage of homes with positive equity to 93.7 percent of all mortgaged properties, or nearly 48 million homes.

How to Pay Off your Mortgage in 5 Years Additionally, 384,000 borrowers moved out of negative equity, increasing the percentage of homes with positive equity to 93.7 percent of all mortgaged properties, or approximately 47.9 million homes. Year over year, home equity grew by $726 billion, representing an increase of 10.8 percent in Q3 2016 compared with Q3 2015.

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CoreLogic, Irvine, Calif., said U.S. homeowners with mortgages (63 percent of all homeowners) saw their equity increase by $227 billion in the third quarter from the previous quarter, an increase of 3.1 percent.Year over year, home equity grew by $726 billion, an increase of 10.8 percent.

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WageWorks reached a deal on Thursday to be acquired by HealthEquity, the companies said Thursday. HealthEquity will pay $51.35 in cash for each WageWorks share, valuing the company around $2 billion.

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Discover Financial Services (dfs) today reported net income of $726 million or $2.15 per diluted share for the first quarter of 2019, as compared to $666 million or $1.82 per diluted share for the.

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CoreLogic is also reporting that home equity grew by $726 billion from the third quarter of 2015 to this year’s third quarter, a 10.8 percent spike. Mortgaged residential properties with negative equity stood at 3.2 million, or 6.3 percent of all homes with a mortgage, down by 10.7 percent quarter-over-quarter and a 24.1 percent year-over.

PennyMac said its HELOC offering will help 1.4 million borrowers access their equity for things like home improvements and debt consolidation.