Report: New Hampshire homeowner equity grew in third quarter

CoreLogic reports increase of 5.2% from 2016

New Hampshire homeowners collectively saw their equity increase by 5.2 percent year over year in the third quarter, according to real estate data analytics firm CoreLogic.

Additionally, homeowners gained an average of $14,002 in home equity between the third quarter of 2016 and 2017.

Meanwhile, CoreLogic also reported that 3,935 mortgages in the Manchester-Nashua area,, or 5.1 percent, remain in negative equity. That’s down significantly from a year ago, when 5,844, or 7.7 percent, were in negative equity, CoreLogic said.

An additional 1,274 properties, or 1.6 percent, were in near-negative equity (less than 5 percent equity) in the third quarter of 2017 compared with 1,956, or 2.6 percent, in 2016.
Nationally, homeowners have collectively seen their equity increase 11.8 percent year over year, with an average equity gain of $14,888 since the third quarter of 2016, CoreLogic reported.

Western states led the increase, with no state experiencing an equity decrease. Washington homeowners gained an average of approximately $40,000 in home equity and California homeowners gained an average of approximately $37,000 in home equity, according to CoreLogic.

Categories: Real Estate & Construction