712,000 Homes in the US Regained Equity in the Past 12 Months!

CoreLogic’s latest Equity Report revealed that “over the past 12 months, 712,000 borrowers moved into positive equity.” This is great news, as the share of homeowners with negative equity (those who owe more than their home is worth), has dropped more than 20% since the peak in Q4 of 2009 (26%) to 4.9% today.

The report also revealed:

• The average homeowner gained approximately $14,900 in equity during the past year.
• Compared to Q3 2016, negative equity decreased 22% from 3.2 million homes, or 6.3% of all mortgaged properties.
• U.S. homeowners with mortgages (roughly 63% of all homeowners) have seen their equity increase by a total of $870.6 billion since Q3 2016, an increase of 11.8%, year-over-year.

The map below shows the percentage of homes by state with a mortgage and positive equity. (The states in gray have insufficient data to report.)

Significant Equity Is on The Rise

Frank Nothaft, Chief Economist at CoreLogic, believes this is great news for the “housing market.” He went on to say:

“Homeowner equity increased by almost $871 billion over the last 12 months, the largest increase in more than three years. This increase is primarily a reflection of rising home prices, which drives up home values, leading to an increase in home equity positions and supporting consumer spending.”

Of the 95.1% of homeowners with positive equity in the U.S., 82.9% have significant equity (defined as more than 20%). This means that more than three out of four homeowners with a mortgage could use the equity in their current home to purchase a new home now.

The map below shows the percentage of homes by state with a mortgage and significant equity.

Bottom Line

If you are one of the many homeowners who are unsure of how much equity you have in your home and are curious about your ability to move, let’s meet up to evaluate your situation.

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Sort by: Select Price, Low to High Price, High to Low Newer Listings First Older Listings First Open House Date

12428 E Pivot Peak -- Gold Canyon, AZ 85118

$524,900

4 Beds

3 Baths

1,961 SqFt

Status Active

MLS # 6689997

Property Type Single Family Residence

Price Type --

Beautiful 4 bed / 3 bath single level home w/ stunning mountain views built in 2022. Complete w/ smart home system (including Moen leak detection) & over $35k in landscape upgrades. Nice curb appeal w/ stacked stone front accent & paver lined driveway. Great floorplan w/ perfectly chosen lighting/fixtures. Fabulous kitchen offers SS appliances, pristine cabinetry, tile backsplash, corner pantry & large island w/ sink, pendant lights & bartop seating. Kitchen opens to dining area & living room w/ full wall of window sliders to back patio. Primary bedroom has barn door to bathroom w/ dual vanities (as well as seated vanity), shower w/ bench, private toilet & walk-in closet. Other two bathrooms both w/ tub/shower combo. Inside laundry room has storage shelf & window to let in natural light. Sprawling backyard w/ gorgeous mountain views is the perfect place to entertain w/ its covered patio w/ extended stone pavers to large open patio, privacy walls close in a portion perfect for the hot tub! Fenced artificial turf area perfect for kids or pups! Tucked into the foothills of the Superstition Mountains in Gold Canyon, this master-planned community offers scenic views & plenty of opportunity to enjoy outdoor recreation. Take advantage of the shaded picnic ramadas, BBQs areas, walking trails, playgrounds, basketball & pickleball courts, as well as fitness stations. Just outside of Peralta Canyon, there are 5 championship golf courses & endless hiking, biking, rock climbing, camping & more. This is a must see in Peralta Canyon so come check it out today!

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825 W Samantha Way Phoenix, AZ 85041

$524,900

4 Beds

2 Baths

2,885 SqFt

Status Active

MLS # 6689412

Property Type Single Family Residence

Price Type --

Well maintained 3 bedroom, 2.5 bath, 3 car garage home in Dobbins Crossing. Home features large living area with gas fireplace, Eat in kitchen with built in breakfast nook,, granite counters, gas stove oven, pantry and refrigerator. Downstairs primary suite with separate tub and shower, walk in closet and dual sinks. Home has an upstairs game room with balcony. Views of South Mountain! Back yard is easy to maintain, with a swim spa. This a great home!

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16249 W Copper Point Lane Surprise, AZ 85374

$524,900

3 Beds

2 Baths

2,294 SqFt

Status Active

MLS # 6689696

Property Type Single Family Residence

Price Type --

One of the most popular floor plans located in The Grand! Beautiful updated spa like bath and upgraded kitchen. Newer floors, paint, roof decking, refurbished heating and cooling, and extended back patio. Hot tub/spa negotiable. Kitchen has upgraded appliances, custom tile and granite counter tops. True three bedroom with two bath and flex space in combo dining/formal living area. Large great room with eat in kitchen/breakfast bar. This house is perfect for entertaining. Home has been well maintained. Enjoy the Grand Lifestyle that comes with this home! Multiple golf courses, activities, recreation center, and clubs. Heating and cooling units refurbished approx. 2018, roof decking in 2017, outside painted in 2020 and 2024, flooring replaced in 2014, kitchen and bath upgrade in 2020.

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1541 E Gary Drive Chandler, AZ 85225

$524,900

3 Beds

2 Baths

1,599 SqFt

Status Active

MLS # 6691136

Property Type Single Family Residence

Price Type --

Welcome to this inviting 3-bedroom, 2-bath home in the Provinces! The charming interior features a spacious great room with vaulted ceilings, a neutral palette, efficient recessed lighting, and new floors and baseboards. The kitchen is equipped with granite counters, white shaker cabinets, chic pendant lighting, sleek stainless steel appliances, a tile backsplash, and an island with a breakfast bar for quick meals or morning coffee. The cozy master bedroom includes a private bathroom with dual sinks, a massive shower and a walk-in closet. The backyard offers a covered patio and ample space perfect for designing your dream oasis. Don't miss out on this fantastic opportunity!

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15682 W Mackenzie Drive Goodyear, AZ 85395

$524,900

4 Beds

2.5 Baths

2,654 SqFt

Status Active

MLS # 6690926

Property Type Single Family Residence

Price Type --

PAID OFF SOLAR! New flooring and All New Paint. PRICED BELOW APPRAISED VALUE! Updated Pictures will be up in a few days. Discover your desert sanctuary in Goodyear, Arizona. This stunning residence offers modern luxury and comfort in an inviting open floor plan. This open kitchen features stainless steel appliances, a center island and plenty of storage. Elegant tile flooring, recessed lighting, and soaring ceilings enhance the ambiance throughout. Retreat to the spacious master suite with a walk-in closet . Outside, the backyard oasis boasts a sparkling pool, covered patio, and desert landscape. Conveniently located near schools, shopping, and parks, this home offers the perfect blend of convenience and tranquility

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4522 W Loma Verde Avenue Eloy, AZ 85131

$524,632

2 Beds

2.5 Baths

1,884 SqFt

Status Active

MLS # 6619909

Property Type Single Family Residence

Price Type --

*This Designer Home* is,, ready for an immediate move in, is one of our most popular floor plans. With a spacious Kitchen & raised height ceilings, you won't believe its only 1884sf, It is Beautifully upgraded with well thought out finishing touches selected by our design team. Robson Ranch was voted one of the top 50 best master planned communities in the county by Where to Retired magazine. Robson Ranch is centrally located between Phoenix and Tucson and offers world-Class, resort-style amenities including: New Clubhouse w/Ballroom/Auditorium, Championship Golf, Heated Indoor and Outdoor Pools, 16 Pickleball Courts, Tennis, Fitness & Creative Arts Centers, Restaurant, Softball Fields, Dog Park & Much more.

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18544 N Avalon Lane Surprise, AZ 85374

$524,500

2 Beds

2 Baths

2,035 SqFt

Status Active

MLS # 6657614

Property Type Single Family Residence

Price Type --

$3000 TOWARDS BUYERS CLOSING COSTS! Exceptional 2 bed/2 bath/den Verbena home shows like a model with refreshing interior colors & upgrades.Views of Granite Falls N Course without the extra price! Ideal corner lot has no behind neighbors,extended covered pavered patio,artificial turf & water feature.Updated kitchen expanded quartz island,white cabinets,stainless farmhouse sink,new faucet,quartz counter tops & tile backsplash.Updated hardware,designer fans/ light fixtures.New bathroom mirrors,light fixtures & luxury vinyl floors.Utility room has sink,cabinets,quartz counter tops,washer/dryer included.HVAC 2019/HWH 2021.PVC yard water lines,new controller.Extended 20x30sf garage,epoxy floor & cabinets.Gated courtyard with pavers.2022 exterior painted.Minutes from The Grand Village Center!

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14780 W Edgemont Avenue Goodyear, AZ 85395

$524,500

3 Beds

2 Baths

1,942 SqFt

Status Active

MLS # 6660651

Property Type Single Family Residence

Price Type --

This amazing home is in immaculate condition from ceiling to floor. Gorgeous tile flooring throughout and custom flooring in the primary bedroom. Split floor plan that is also very open with neutral color paint throughout. Formal dining room and spacious living room area. The kitchen offers recessed lighting, island with breakfast bar, upgraded cabinetry with tons of storage space and eat-in kitchen area. Primary bath has garden tub, separate shower. vanity with double sinks, walk in closet, and private toilet room. In the backyard there is low maintenance landscaping, sparkling swimming pool, and plenty of room to relax and entertain. Only minutes from great schools & parks, Freeway access, shopping, restaurants, and more. Come take a look. You won't be disappointed.

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15238 W Post Drive Surprise, AZ 85374

$524,500

4 Beds

2.5 Baths

3,169 SqFt

Status Active

MLS # 6668490

Property Type Single Family Residence

Price Type --

PRICE REDUCED! Pride of ownership is shown in this stunning turn-key residence located in Surprise Orchards! Prepare to be impressed by a perfectly flowing layout showcasing gorgeous wood-look flooring, warm neutral palette throughout, and a formal dining area or separate living room. The kitchen has plenty of natural wood cabinets accentuated by crown moulding, built-in appliances, track lighting, and a convenient center island which opens to the family room. The MAIN FLOOR PRIMARY BEDROOM offers an ensuite bath complete with dual sinks and a walk-in closet. Upstairs you'll find a Super Bonus room AND a separate LOFT both easily converted to 4th & 5th bedroom! Host memorable gatherings in the wonderful backyard, featuring a full-length covered patio, a garden area and a SWIMMING POOL

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1739 Baltic Avenue Prescott, AZ 86301

$524,425

3 Beds

2.5 Baths

1,692 SqFt

Status Active

MLS # 6685648

Property Type Single Family Residence

Price Type --

Lovely custom Santa Fe style home with great mountain views! Located close to downtown, lakes, hospital, schools, more! This 3 bedroom, 2.5 bath home was built in 2001 on over a quarter acre. This 1693 sf home features a charming gated courtyard entry, two master suites, wood beam ceilings, Pella windows, warm wood flooring, and granite throughout. The kitchen includes a breakfast bar, gas range, pantry, custom lighting and much more. There are two master suites-great for guests! All bathrooms are nicely upgraded with granite tops. The large outdoor deck overlooks amazing mountain views. Easy care landscaping in front and back; 2 car garage with workshop area. This home is in a great location that is close to almost everything!

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10873 W Carlota Lane Sun City, AZ 85373

$524,400

3 Beds

2 Baths

2,431 SqFt

Status Active

MLS # 6684007

Property Type Single Family Residence

Price Type --

LOCATED IN PEORIA - NOT AGE RESTRICTED - NO HOA & A POOL! You'll love this remarkable 3-bedroom property with no HOA! Located in Peoria with a Sun City address, this home offers a convenient and desirable location. As you approach the property, you'll be greeted by a charming front yard with colorful vegetation and palm trees. The 2 car garage & RV Gate provide ample parking and storage options. Inside you'll discover spacious living areas with wood-style flooring, tall ceilings, plantation shutters, and accented walls.. creating a warm & inviting atmosphere. The gourmet Kitchen is equipped with granite counters, pantry, an island with a breakfast bar, a breakfast nook and rich wood cabinetry with crown molding. This home also offers a flexible den, ideal for a study room, office or can easily be converted to an extra bedroom! Another spacious Flex room right off the kitchen... ideal for a game room, office or gym - many possibilities! The Main Retreat features plush carpeting, backyard access, and a private bathroom with dual sinks, a seat-in shower, and a walk-in closet, providing a relaxing and convenient space to unwind. The backyard is perfect for outdoor entertaining and relaxation. It features a covered patio, a built-in BBQ, a storage shed, RV parking, and a refreshing pebble sheen pool with a built-in slide, creating a resort-like oasis in your own backyard. Don't miss the opportunity to make this remarkable property your own! Visit today! Additional Updates in the Document tab

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5648 W Chuck Box Road Laveen, AZ 85339

$524,010

4 Beds

3 Baths

2,373 SqFt

Status Active

MLS # 6702573

Property Type Single Family Residence

Price Type --

Up to 3% of total purchase price towards closing costs incentive offer. Additional eligibility and limited time restrictions apply. MLS#6702573 June Completion! The Erikson floor plan within the Tierra Montana Discovery Collection epitomizes the essence of open concept living. The first floor serves as the focal point of the residence, featuring a generous gathering room, casual dining space, and an open kitchen. The designer kitchen boasts a large island and a convenient step-in pantry, adding functionality and style. At the front of the home, a downstairs guest bed offers a welcoming sanctuary for overnight visitors. The owner's suite is upstairs with a private bath and a spacious walk-in closet. Completing this home is a loft, two additional beds, a full bath, and laundry room. Structural options include: extended covered patio. Design upgrades include: quartz kitchen countertops, gourmet kitchen with gas cooktop, upgraded stair rail and upgraded flooring throughout.

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