New Hampshire homeowners continue to regain equity
CoreLogic reports 5.73 percent annual increase in second quarter
New Hampshire homeowners gained an average of almost $14,000 in the second quarter of 2017 compared to a year ago, but 5.73 percent of them remain in negative equity, or underwater, according to real estate data analytics firm CoreLogic.
The company reported that 5.7 percent in the Manchester-Nashua region alone, 4,370 homeowners remained underwater in the second quarter. That compares with 6,956, or 9.1 percent, in the second quarter of 2016, and 5,811, or 7.6 percent, in the first quarter of 2017.
CoreLogic reported that an additional 1,490 Manchester-Nashua properties, or 1.9 percent, were in near-negative equity (less than 5 percent equity) in the second quarter of 2017, compared with 2,291, or 3 percent, in the second quarter of 2016 and 1,939, or 2.5 percent, in the first quarter of 2017.
Nationally, the company reported that homeowners gained an average of $12,987 in equity in the last year.