Price gains lift 1.7 million homes above water in 2012

CoreLogic: 10.4 million borrowers still owe more than homes are worth

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.