Bay Area home equity reaches $3.9 billion in 2016

  • In the entire nine-county Bay Area, 83 percent of the total 1.03 million mortgages had a minimum 20 percent equity as of June of this year.
  • There was a 16 percent increase in loans to $33 billion as of June 30, 2016, a 78 percent increase since the post-recession low in 2010.

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With the high prices in the nine-county Bay Area, more homeowners are taking advantage of available credit, according to a new report. On a year-over-year basis in June, there was a 16 percent increase in loans to $33 billion from the 71 credit unions headquartered in the Bay Area, according to the California Credit Union League.