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

17407 N 130th Drive Sun City West, AZ 85375

$519,900

3 Beds

2.5 Baths

2,015 SqFt

Status Active

MLS # 6665942

Property Type Single Family Residence

Price Type --

Enjoy retirement in its best! Desirable golf community Sun City West. Completely renovated and ready to move-in. Open floor plan with formal dining room, spacious kitchen with kitchen island and breakfast bar open to great room. Highly upgraded with plank tile flooring t/o, custom Shaker cabinets, Granite countertops, stainless steel appliances including fridge and wine fridge, kitchen tile back splash, kitchen island, pendent lights. New light and plumbing fixtures, new interior and exterior paint, garage epoxy flooring. Two suites with private baths, plus den/office, and powder room. Master suites offers double sinks and walk-in closet, private toilet room. New roof and HVAC 2024, new WH, dual pane windows. Large AZ room, Home warranty!

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26176 S 228th Place Queen Creek, AZ 85142

$519,841

3 Beds

2 Baths

1,777 SqFt

Status Active

MLS # 6676164

Property Type Single Family Residence

Price Type --

Bright 3 bedroom, 2 bath Grange Quick Move In Floor Plan, available Summer 2024. This popular layout offers an open concept space, with abundance of natural light from the 18 Low E windows throughout the home. Entertain your friends and family in your brand-new gourmet kitchen, boasting a built-in gas range, chimney hood, and stainless-steel appliances. Enjoy the bright neutral pallet with white shaker cabinets, quartz countertops, custom tile backsplash, and wood plank tile throughout main living space; all hand selected by our award-winning design team. Unwind in your owners retreat in our signature super shower with custom tile to the ceiling. Notice the difference with our 10ft ceilings, 8ft doors, and 2x6 construction, all of this includes our extensive home warranty.

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9354 E Spiral Avenue Mesa, AZ 85212

$519,800

3 Beds

2 Baths

1,579 SqFt

Status Active

MLS # 6660552

Property Type Single Family Residence

Price Type --

Located in Inspirian IV at Eastmark, This immaculate, brand new, never lived in home offers 3 bedrooms, 2 bathrooms and 1,579 square feet of living space. Enjoy modern finishes, a gourmet kitchen, and epoxy garage floors. This home includes a brand new gas stove, front door smart lock, Ring Doorbell, fridge, washer and dryer. Beautiful community center and pool nearby. Take a tour today!

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9235 E Steno Avenue Mesa, AZ 85212

$519,776

3 Beds

2.5 Baths

1,810 SqFt

Status Active

MLS # 6703103

Property Type Single Family Residence

Price Type --

BRAND NEW MOVE-IN-READY HOME! This Holden Plan includes a gourmet Kitchen, White Cabinets, Silver Pulls, Gray Quartz Counter Top, 8x36 Wood Look Tile, & Apple Pod Home Kit.

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2045 E Orange Street Tempe, AZ 85281

$519,500

5 Beds

2 Baths

1,752 SqFt

Status Active

MLS # 6698728

Property Type Single Family Residence

Price Type --

Newly coated roof, flooring, paint, rv gates (on alley and side of house) New pump in A/C last year. Excellent 5 bedroom 2 bath home close to ASU, Amazing opportunity for VRBO, or student rental home. New block wall around backyard, kitchen and entire home remodeled. NO HOA!

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5897 S Banning Street Gilbert, AZ 85298

$519,500

4 Beds

2.5 Baths

1,757 SqFt

Status Active

MLS # 6680593

Property Type Single Family Residence

Price Type --

Fabulous 4 bedroom, 2 1/4 bathroom home nestled against Shamrock Estates neighborhood walking trail. Gourmet kitchen with granite countertops, maple cabinets, breakfast bar and pantry. Bay windows at kitchen nook with picturesque windows overlooking front courtyard. Open floor plan with decorative arches to dining room & great room. Primary bedroom with walk-in closet, raised double sinks, romantic bathtub and separate shower. 2nd bedroom with private 1/4 bathroom vanity sink and cabinets. 3rd and 4th bedroom with mirror closet doors. 2nd full bathroom with double sinks & opens to 1/4 bathroom. Backyard covered patio with lush grass backyard, lemon tree and wrought iron view fencing overlooking walking trail. Chandler Unified school district, close to parks, restaurants and trails

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23020 E Firestone Drive Queen Creek, AZ 85142

$519,240

4 Beds

3 Baths

2,505 SqFt

Status Active

MLS # 6658391

Property Type Single Family Residence

Price Type --

This is a To-Be-Built home, build time is 6-7 months. There is still time to add your own personal touch to this home with design options from our Design Studio. Home price will fluctuate based on design options selected. This is the popular Sienna Floorplan, 4 bedrooms, a loft, office and 3 full baths. One full bed/bath on the ground floor. Ask Sale Associate about special financing promotions as well as quick move-in inventory. This community offers an abundance of amenities including pickleball courts, resort-caliber outdoor pool with plenty of seating and lounging areas, fitness center with multi-use activity room, open air pavilion with fireplace and grilling stations, event and game lawns, shaded play parks, half-court basketball and two dog parks.

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18361 W Jessie Lane Surprise, AZ 85387

$519,000

4 Beds

3 Baths

3,018 SqFt

Status Active

MLS # 6688260

Property Type Single Family Residence

Price Type --

4.5% RATE AVAILABLE when buyers assume existing loan!!! Welcome to this stunning 4 bed, 3 bath home in a growing community of Surprise. This spacious home features a convenient office space downstairs. A smart home system allowing you to control your home with ease. As well as a superloft for versatile use. The home comes with all kitchen appliances included, as well as washer & dryer to make moving in a breeze. The backyard is a blank canvas, providing plenty of space for you to create your dream outdoor oasis. Don't miss out on this opportunity to own a brand new home!

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12200 E Chevelon Trail Gold Canyon, AZ 85118

$519,000

4 Beds

2 Baths

1,945 SqFt

Status Active

MLS # 6670725

Property Type Single Family Residence

Price Type --

Like new open and split floor plan built in 2022 with a three car garage! This super efficient home was built with new technology to keep the home super air tight for much lower electric bills. Within this great new community of Peralta Canyon you have access just a short walk away to Pickle Ball Courts, BBQ areas, playgrounds, Corn Hole boards, horse shoe pits, fire pit, basketball court, exercise stations, and much more! Located off Peralta Trail you are right near the Superstition Tonto Forest with access to many hiking trails, mountain biking trails, off roading trails, and tons of mountain and desert views! This home has very nice upgraded finishes with a backyard blank slate for you to make it exactly how you would like.

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5830 N 12th Place Phoenix, AZ 85014

$519,000

3 Beds

2 Baths

1,736 SqFt

Status Active

MLS # 6698366

Property Type Townhouse

Price Type --

Beautifully updated townhome located in the desirable L'Ermitage II complex in heart of North Central Phoenix. Situated perfectly on a north/south facing lot, this 3 bedroom, 2 bath home offers a private gated entry, a well-designed interior layout and an abundance of natural light. Living room features soaring ceilings, a stunning Carrera marble fireplace, recessed lighting and new oversized sliding glass doors leading to the patio to incorporate the perfect blend of indoor/outdoor living. Gourmet kitchen includes rich granite countertops, custom cabinets, Carrera marble backsplash, new stainless steel appliances, and a separate dining area. Main level primary suite includes additional patio access with enclosed blinds, large walk-in closet, a beautiful granite vanity and an oversized custom slate shower with glass enclosure. Spacious Upstairs primary suite includes a private balcony overlooking the mature trees and mountain views. Spa-inspired ensuite features gorgeous Carrera marble tiled walls, an oversized free standing tub with rainfall and hand held shower heads, custom cabinets, dual sink vanity with granite countertops, full height marble backsplash, and a spacious walk-in closet. With wainscoted walls and vaulted ceilings, the third bedroom is perfect for guests or a dedicated office space. Low maintenance private backyard features a large patio with custom flagstone, lush artificial turf, and multiple seating areas for entertaining. With only 9 Units, L'Ermitage is a charming complex conveniently located near several restaurants, shops, parks and the 51 freeway.

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20157 W Desert Bloom Street Buckeye, AZ 85326

New

$519,000

3 Beds

3 Baths

2,426 SqFt

Status Active

MLS # 6704377

Property Type Single Family Residence

Price Type --

Pride of ownership is evident throughout in this beautiful two-story property located in Blue Horizons! Spacious 2400 sf home with 3 bedrooms, a den and 3 full baths. The home boasts a highly desired open floor concept with wood tiled floowring and a HUGE 20'X8' sliding door that opens up to a full covered patio and a sparkling pool, perfect for summer gatherings. The kitchen features white staggered cabinetry, granite counter tops, large kitchen island, stainless steel appliances w/double oven and a spacious pantry. Downstairs den features exit to front of home with french doors and a beautiful custom barn door for privacy. Upstairs loft is perfect as office space or game room. Spacious primary bedroom features walk in closet, double sinks and vanity. Come see this one today!

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22621 S 212th Street Queen Creek, AZ 85142

$519,000

3 Beds

2 Baths

1,802 SqFt

Status Active

MLS # 6698787

Property Type Single Family Residence

Price Type --

With golf course views and a relaxing pool with a solar heater, this backyard oasis is unbeatable. Beautiful home in a quiet subdivision with a neutral palette just ready for your design. Large, open kitchen with plenty of cupboard and counter space for the delight of any home chef. Spacious primary bedroom is a quiet haven with views of the pool and golf course. Bathroom has dual sinks, a separate tub and shower, and spacious closet. Don't miss this opportunity.

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