Share Of Homeowners With Negative Equity Drops To Lowest Level In 12 Years

▤ Summary

The rapid pace of appreciation has helped push the national negative equity figure to the lowest in over a dozen years, with just 1.1 million homeowners underwater on their mortgages. • Annual Change: In the fourth quarter of 2021, 1.5 million homes or 2.8% of all mortgaged properties, were in negative equity. The total decreased by 24.9%, or approximately 2.1% of all mortgaged properties, by the fourth quarter of 2021. Homeowners in western states saw the biggest equity gains by dollar value, led by Hawaii, California, and Washington. Annual home price appreciation increased by 19.1% in January 2022, according to CoreLogic’s latest Home Price Index, though growth is expected to slow eventually over the next year.

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