A magnified look at the state of home equity during the final portion of 2015 might appear pessimistic, but a step back indicates that the year's fourth quarter was simply a small dip in an otherwise strong and upward trending line. The data as reported by CoreLogic show us that 1 million residential properties regained equity over the course of last year. The market also saw improvements in the area of "under equity" -- that which that teeters on the edge of a homeowner's control at less than 20 percent. Details painting the big picture In the first quarter of 2015, CoreLogic reported that approximately 9.7 million (19.4 percent) of mortgage holders with equity dipped below that under-equity threshold, compared to the year's end, when this number stood at 9.5 million, or 18.9 percent. Those numbers held even stronger earlier in the year, with 8.9 million homes (or 17.6 percent) under equity in the third quarter. "The number of homeowners with more than 20 percent e...
- In the final quarter of 2015, 120,000 residential properties fell into negative equity; however, over the course of the whole year, 1 million residential properties regained positive equity.
- The equity share for Q4 2015 held strong at 91.5 percent, and year-over-year monetary equity gains also proved to be substantial.
- States with the highest percentage positive equity in Q4 2015 were Texas, Hawaii, Arkansas, Montana and Colorado.
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