6
May
Home Equity … From Negative to Positive
home equity
According to a forecast by First American CoreLogic, the typical U.S. homeowner in a negative equity position will begin to build positive home equity by late 2015 or early 2016. In some depressed markets, typical borrowers with negative equity may not experience positive equity until 2020 or later, according to the report. Research conducted by First American CoreLogic indicates more than 11.3 million, or 24 percent, of all residential properties with mortgages, had negative equity at the end of the fourth quarter of 2009. Read more 