Industry NewsMarkets & Economy

Price gains lift 1.7 million homes above water in 2012

CoreLogic: 10.4 million borrowers still owe more than homes are worth
Published on Mar 18, 2013

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by CareyBot

Rising prices helped lift 1.7 million homes above water in 2012, including 200,000 in the final three months of the year, according to a report released today by real estate data and technology firm CoreLogic.

An estimated 10.4 million homes remained underwater as of Dec. 31 -- about one in five (21.5 percent) of all homes with mortgages. But another 5 percent gain in home prices could lift 1.8 million additional homes into a state of positive equity, CoreLogic said ...

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