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

26168 W Tina Lane Buckeye, AZ 85396

$524,000

2 Beds

2 Baths

2,323 SqFt

Status Active

MLS # 6668177

Property Type Single Family Residence

Price Type --

This STUNNING 2 Bed plus DEN, 3 CAR GARAGE (plethora of garage Cabinets) *PAID OFF SOLAR* home with a private courtyard, offers a perfect blend of modern living and timeless charm. Nestled in the desirable neighborhood of Sun City Festival with a N/S position. This Popular Fiesta floor plan offers an open-concept layout with 10ft ceilings, plantation shutters and creates an inviting atmosphere for both entertaining and everyday living. Tile flooring for easy care. The heart of the home is a spacious gourmet kitchen with beautiful Granite countertops/backsplash and sizeable island. The elegant wood cabinetry with crown molding elevates the space! The Gas cooktop stove is a Chef's delight! A large pantry for extra storage! Sit in the Breakfast nook area and enjoy the morning sunshine! The generously sized Master retreat features double door entry, plush carpeting, two tone paint and sliding glass doors that lead to a tranquil backyard! Embrace a morning coffee on the back patio surrounded by a peaceful ambiance that enhances every moment. No need to be concerned about electric bills, home has Solar and its *Paid Off*!! Surround sound is included for your entertainment needs. This home has been meticulously maintained! Check out this gem before its gone!

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40829 W Robbins Drive Maricopa, AZ 85138

$524,000

5 Beds

3 Baths

3,047 SqFt

Status Active

MLS # 6696775

Property Type Single Family Residence

Price Type --

1st floor bedroom with full bathroom! NEWLY REMODELED KITCHEN w/ upgraded 42'' & extra deep cabinets w/ soft close & pull-out shelves, new RO, granite, SS appliances, new Luxury Vinyl Plank flooring, new paint downstairs, new toilets in all bathrooms, new 50-gallon water heater, new water softener, new garage cabinets & hanging racks in oversized 3-car garage. 2 new 4-ton 15.2 SEER2 AC Units w/ 10-year service agreement & 5-year extended labor warranty is transferrable to new owner. The backyard is the perfect spot to relax & entertain w/ extended patio, pergola & PebbleSheen Play Pool (chlorine) w/ multi-colored LED Light - perfect for an event! With 5 bedrooms, 3 bathrooms & a loft, this home is well-equipped to accommodate living & entertaining guests. Come see this amazing house today!

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40887 W Chambers Drive Maricopa, AZ 85138

$524,000

5 Beds

3 Baths

3,295 SqFt

Status Active

MLS # 6674847

Property Type Single Family Residence

Price Type --

Welcome home! This spacious home features 5 bedrooms, 3 bathrooms and a generously sized loft. The kitchen boasts granite countertops, stainless steel appliances, a butler's pantry and opens to the living room. The formal dining room provides elegant space for hosting large meals and special occasions. There is a bedroom and full bathroom downstairs. Upstairs you'll find a sizable primary bedroom with a large bathroom, and an amazing walk-in closet. The three remaining guest bedrooms are also upstairs, one of which has a walk-in closet. The RV gate is on the east side of the home. Indulge in your own private pool during the hot summer months. Located in a serene lake and golf course community, this residence offers ample space and luxury amenities for comfortable living and entertaining.

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1855 W Dion Drive Anthem, AZ 85086

$524,000

2 Beds

2 Baths

1,830 SqFt

Status Active

MLS # 6696695

Property Type Single Family Residence

Price Type --

Popular Durango model home in sought after Anthem Country Club. Home boasts open split bedroom floor plan with the largest bedroom having direct access to the back yard and patio. 2 bedrooms plus a 3rd room that can be used as den/bedroom. The front of the home has a charming courtyard entry with a fountain. Home improvements include updated kitchen and bathrooms with quartz countertops and GE Slate appliances in the kitchen. Additionally, the HVAC was replaced in 2020 and the interior and exterior of the home has been recently painted. Improvements also include LVP flooring throughout the main living area, Shade Store blinds on the patio doors, newer bedroom carpet, and epoxied garage floors. All rooms have updated ceiling fans, four inch baseboard, and new door and cabinet hardware. The outdoor lighting and irrigation piping have been replaced and the home has an H2o Concepts whole-house water filtration system. Resort style living at its best!

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17588 W Running Deer Trail Surprise, AZ 85387

$523,995

3 Beds

2 Baths

1,690 SqFt

Status Active

MLS # 6699916

Property Type Single Family Residence

Price Type --

Explore this inspired Bronze home, ready for an Augist move-in on a homesite boasting driveway pavers and front yard landscaping. Included features: an inviting covered entry; an open dining area; an impressive kitchen offering quartz countertops, stainless-steel appliances, 42'' cabinets, a walk-in pantry and a center island; a spacious great room; an elegant primary suite showcasing an expansive walk-in closet and a private bath with cultured marble countertops; a convenient laundry; a relaxing covered patio; an RV garage and a 2-car garage. This home also offers additional windows, ceiling fan prewiring and stone tile flooring in select rooms.

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5923 N 194th Avenue Litchfield Park, AZ 85340

$523,990

3 Beds

2.5 Baths

2,229 SqFt

Status Active

MLS # 6649803

Property Type Single Family Residence

Price Type --

This quick move-in Irwin home features a covered porch and patio, perfect for taking in the mountain views. A highly desired homesite located near the community park. The spacious secondary bedrooms also have private access to a shared bathroom. A natural gas kitchen package is perfect for the culinary enthusiast in your life. Additional highlights includes 8'' interior doors, and 3 1/4'' baseboard throughout ILO standard for an added elevated touch. Located within the IronWing masterplan, offering breathtaking mountain views and top-notch amenities. Our homeowners enjoy walking trails, and a community park.

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30909 N 164th Street Scottsdale, AZ 85262

$523,900

3 Beds

2 Baths

1,746 SqFt

Status Active

MLS # 6508762

Property Type Single Family Residence

Price Type --

Wake up every morning to breathtaking panoramic Mountain Views in Northeast Scottsdale!!! Your BRAND NEW energy efficient three bedroom home on OVER ONE ACRE with plenty of room for additional structures and toys awaits. Buy NOW and select all your interiors from the builders included options or go semi-custom. No HOA! This exclusive area is growing fast. Be one of the first to take pride in ownership in it! Reach out to your realtor or the listing agent today to schedule a private walk of the property and meet the builder. Addt'l plans avail. Renderings are representation of elevation. Options displayed may vary. Advertised plan can be customized to add or subtract square footage. Street address listed may differ once assigned. Refer to APN.

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3902 E Carson Road Phoenix, AZ 85042

$523,900

3 Beds

2 Baths

2,040 SqFt

Status Active

MLS # 6673082

Property Type Single Family Residence

Price Type --

***PREMIUM INTERIOR GOLF COURSE LOT LOCATED ON THE 4TH TEE BOX OF THE RAVEN GOLF COURSE*** Light and Bright Open Floorplan with the Kitchen open to the family room with Fireplace* 9 Ft flat Ceilings throughout* Kitchen has Granite Counter tops, open tot he family room, and have fabulous views of the Golf Course! The Large Master bedroom has a Sliding glass Door leading to the backyard and covered patio* The Master Bathroom has a spa/tub and separate shower* The other bedrooms are split from the master* One bedroom is set up Den/office style with Double doors open that open to the large great room* The Pines at the Raven is a GATED COMMUNITY WITH A COMMUNITY POOL AND SPA** PLENTY OF PINE TREES for a unique and different feel in Arizona!!

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2315 E Pinchot Avenue Phoenix, AZ 85016

$523,700

3 Beds

2.5 Baths

1,890 SqFt

Status Active

MLS # 6675437

Property Type Townhouse

Price Type --

Look no further! This stunning 3BD 2.5BA +loft home is the epitome of low-maintenance living at it's finest! This two-story residence, located in a friendly, gated community is an end unit and conveniently situated near the pool. As you step into the main living area you'll feel right at home in this bright and inviting layout. The kitchen showcases an island with quartz countertops, a stylish backsplash, a pantry and all stainless steel appliances with easy access to the garage for convenience for hauling in groceries. Upstairs you'll find the Master suite with a luxurious, upgraded walk-in shower and separate tub. Also upstairs is the laundry room, the loft and the two additional bedrooms that share a Jack and Jill bathroom. The professionally designed master closet and laundry room offer added convenience, while newer flooring throughout the residence and artistic touches enhances the home's appeal. Outside, the back patio has been beautifully landscaped including low maintenance plants and trees, a trellis and added pavers. The resort style community pool is currently undergoing a makeover, with new awnings, a deck with pavers, upgraded landscaping, and resurfacing of the pool's pebble tech. This home is a must see and is move in ready! WELCOME HOME

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34391 W Ebony Road San Tan Valley, AZ 85144

$523,216

4 Beds

3 Baths

2,344 SqFt

Status Active

MLS # 6689027

Property Type Single Family Residence

Price Type --

Brand New Single story home, on a corner homesite! Fitted with 4 bedrooms and 3 full bathrooms. Bedroom 2 and 3 share a connected bathroom at the front of the home and bedroom 4 has the luxury of their own bathroom outside the bedroom door. The kitchen and greatroom are at the heart of the home and offer a airy open concept. This home boast a gourmet kitchen with stainless steel appliances, designer features throughout and 8' doors.

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8712 W Palmaire Avenue Glendale, AZ 85305

$523,000

4 Beds

2 Baths

2,345 SqFt

Status Active

MLS # 6657766

Property Type Single Family Residence

Price Type --

Brand New Kitchen & Master Counter Tops!! Spacious 4 bedroom home on a cul-de-sac. This home has a separate family room, living room, and dining room. The large kitchen has plenty of cabinets for storage and an island. Both bathrooms have double sinks. The home as 2 central AC units and a 2 1/2 car garage. The home is close to Glendale Arena, Cardinals Stadium, schools and the new Westgate project. Only minutes away from Loop 101 and I-10

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14406 W St Moritz Lane Surprise, AZ 85379

$523,000

4 Beds

2 Baths

2,391 SqFt

Status Active

MLS # 6700941

Property Type Single Family Residence

Price Type --

Discover your own oasis in Royal Ranch, one of the most desirable communities in Surprise! This single-story gem features 4 beds, 2 baths, fresh paint, and has been meticulously maintained. The backyard paradise includes a pool, hot tub, waterfall, and misting system. With a 3rd car driveway, extended garage, and RV gate, there's ample parking for all. Just minutes from Surprise's attractions like Surprise Stadium, city center and Ottawa University. Don't miss out!

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