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.

What’s Your Home Worth?

Search for Your New Home

Listing types.

For Sale

For Rent

Land

Location Search Nearby

BedsAny1+2+3+4+5+6+

BathsAny1+2+3+4+5+6+

Price MinAny$50,000$100,000$150,000$200,000$250,000$300,000$350,000$400,000$450,000$500,000$600,000$700,000$800,000$900,000$1,000,000$1,100,000$1,200,000$1,300,000$1,400,000$1,500,000$1,600,000$1,800,000$1,900,000$2,000,000$2,250,000$2,500,000$2,750,000$3,000,000$3,250,000$3,500,000$3,750,000$4,000,000$4,500,000$5,000,000$6,000,000$8,000,000$10,000,000$15,000,000

Price MaxAny$50,000$100,000$150,000$200,000$250,000$300,000$350,000$400,000$450,000$500,000$600,000$700,000$800,000$900,000$1,000,000$1,100,000$1,200,000$1,300,000$1,400,000$1,500,000$1,600,000$1,800,000$1,900,000$2,000,000$2,250,000$2,500,000$2,750,000$3,000,000$3,250,000$3,500,000$3,750,000$4,000,000$4,500,000$5,000,000$6,000,000$8,000,000$10,000,000$15,000,000

Advanced Options

Property TypeAnyApartmentManufactured HomeSingle Family ResidenceTownhouseTwin Home

School District

Address, MLS# or Keyword

Home SizeAny600 ft2800 ft21,000 ft21,200 ft21,400 ft21,600 ft21,800 ft22,000 ft22,200 ft22,400 ft22,600 ft22,800 ft23,000 ft23,500 ft24,000 ft24,500 ft25,000 ft25,500 ft26,000 ft2

YearAny2024+2023+2022+2021+2020+2019+2018+2017+2016+2015+2014+2013+2012+2011+2010+2009+2008+2007+2006+2005+2004+2003+2002+2001+2000+1999+1998+1997+1996+1995+1994+1993+1992+1991+1990+1980+1970+1960+1950+1940+1930+

Distressed

Open House

Location Search Nearby

BedsAny1+2+3+4+5+6+

BathsAny1+2+3+4+5+6+

Price MinAny$500$600$700$800$900$1,000$1,100$1,200$1,300$1,500$1,600$1,700$1,800$1,900$2,000$2,250$2,500$2,750$3,000$3,250$3,500$3,750$4,000$4,500$5,000$5,500$6,000$6,500$7,000$7,500$8,000$8,500$9,000$9,500$10,000

Price MaxAny$500$600$700$800$900$1,000$1,100$1,200$1,300$1,500$1,600$1,700$1,800$1,900$2,000$2,250$2,500$2,750$3,000$3,250$3,500$3,750$4,000$4,500$5,000$5,500$6,000$6,500$7,000$7,500$8,000$8,500$9,000$9,500$10,000

Advanced Options

Property TypeAnyApartmentManufactured HomeSingle Family ResidenceTownhouseTwin Home

School District

Address, MLS# or Keyword

Home SizeAny600 ft2800 ft21,000 ft21,200 ft21,400 ft21,600 ft21,800 ft22,000 ft22,200 ft22,400 ft22,600 ft22,800 ft23,000 ft23,500 ft24,000 ft24,500 ft25,000 ft25,500 ft26,000 ft2

YearAny2024+2023+2022+2021+2020+2019+2018+2017+2016+2015+2014+2013+2012+2011+2010+2009+2008+2007+2006+2005+2004+2003+2002+2001+2000+1999+1998+1997+1996+1995+1994+1993+1992+1991+1990+1980+1970+1960+1950+1940+1930+

Location Search Nearby

Lot SizeAny1+ Acres2+ Acres3+ Acres4+ Acres5+ Acres6+ Acres7+ Acres8+ Acres9+ Acres10+ Acres20+ Acres30+ Acres40+ Acres50+ Acres

Price MinAny$50,000$100,000$150,000$200,000$250,000$300,000$350,000$400,000$450,000$500,000$600,000$700,000$800,000$900,000$1,000,000$1,100,000$1,200,000$1,300,000$1,400,000$1,500,000$1,600,000$1,800,000$1,900,000$2,000,000$2,250,000$2,500,000$2,750,000$3,000,000$3,250,000$3,500,000$3,750,000$4,000,000$4,500,000$5,000,000$6,000,000$8,000,000$10,000,000$15,000,000

Price MaxAny$50,000$100,000$150,000$200,000$250,000$300,000$350,000$400,000$450,000$500,000$600,000$700,000$800,000$900,000$1,000,000$1,100,000$1,200,000$1,300,000$1,400,000$1,500,000$1,600,000$1,800,000$1,900,000$2,000,000$2,250,000$2,500,000$2,750,000$3,000,000$3,250,000$3,500,000$3,750,000$4,000,000$4,500,000$5,000,000$6,000,000$8,000,000$10,000,000$15,000,000

Advanced Options

Neighborhood

Address, MLS# or Keyword

View As: Thumbnails List

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

3917 Gold Ridge Road Wickenburg, AZ 85390

$519,000

2 Beds

2 Baths

1,960 SqFt

Status Active

MLS # 6593033

Property Type Single Family Residence

Price Type --

VA assumable loan offered at 2.25 % for qualified veterans.This charming and meticulously designed home, located in Wickenburg Ranch, Nestled in the peaceful neighborhood of Bonanza, this splendid residence boasts two bedrooms and two bathrooms, spread across just under 2000 square feet of living space. As you step into the backyard, you will be delighted to find low maintenance landscaping, adorned with a fire pit, a delightful pergola, and a covered patio, providing an idyllic space for relaxation and outdoor gatherings. This home is a true oasis, where modern living meets tranquility, ready to embrace its new owners with open arms. Residents also have access to a plethora of amenities, including a beautiful golf course, fitness center, a resort swimming pool, and much more.

View Property

15101 N 175th Drive Surprise, AZ 85388

$519,000

5 Beds

3 Baths

2,615 SqFt

Status Active

MLS # 6600774

Property Type Single Family Residence

Price Type --

Double bedrooms and full bath downstairs, plus Main bedroom Suite upstairs! 2 A/C Units Jan 2023 with Google Nest + Programmable Thermostats + Hot water heater Jan 2023 + Flooring updated 2021+ Whirlpool Kitchen appliances 2023 + Private Lot and Grassy Greenbelt beside and behind you! Full bath & 2 bedrooms downstairs along with Master and 2 bedrooms upstairs. Enjoy the big kitchen island while the game plays on the big screen TV in the Great-room! Big den by the front door. All the bells and whistles that make your home fabulous!

View Property

9029 W Port Royale Lane Peoria, AZ 85381

$519,000

3 Beds

2.5 Baths

1,751 SqFt

Status Active

MLS # 6615351

Property Type Townhouse

Price Type --

Back On The Market!!! Welcome to where luxury meets the tranquility of gated private lake living at its finest. Nestled within the exclusive community of Starfire Bay, residents have exclusive access to the serene 74-acre Desert Harbor Lake. This stunning home has undergone full renovations, offering unobstructed waterfront views that will leave you breathless. Step inside to discover a welcoming great room, adorned with a dual-sided fireplace, creating an inviting space for gatherings and relaxation. The kitchen boasts all new beautiful white shaker cabinets, upgraded backsplash, and pristine white quartz countertops. Every detail has been meticulously crafted to perfection, from the brand new luxury vinyl plank flooring in high-traffic areas to the plush carpeting in the bedrooms, all complemented by fresh two-tone paint throughout. Recent upgrades include a new A/C unit and water heater, ensuring comfort and efficiency year-round. Experience the serenity of lakeside living. Welcome home to 9029 W Port Royale Lane - your oasis awaits.

View Property

9323 E Rocky Lake Drive Sun Lakes, AZ 85248

$519,000

2 Beds

2 Baths

1,997 SqFt

Status Active

MLS # 6648436

Property Type Single Family Residence

Price Type --

Welcome to your new haven of charm and comfort, ideally situated within the prestigious Iron Oaks community. Step inside this immaculate two-bedroom, two-bathroom home with an additional office space, where abundant natural light bathes the open layout, accentuating the dreamy kitchen featuring sleek granite countertops. Venture into the expansive backyard, graced by a thriving citrus orchard, creating a picturesque outdoor retreat perfect for gatherings beneath the starlit sky. Envision the primary bedroom as a serene retreat, enveloped in warm tones, offering a welcoming and cozy ambiance. Positioned within a secure guard-gated golf community, this residence is cocooned by lush greenery and captivating landscapes, providing an idyllic escape with enduring charm. Notably, the community boasts a superb on-site restaurant, a gathering place for friends and neighbors. Your dream lifestyle awaits you in this exceptional abode!

View Property

14810 W Antelope Drive Sun City West, AZ 85375

$519,000

3 Beds

2 Baths

2,018 SqFt

Status Active

MLS # 6661228

Property Type Single Family Residence

Price Type --

This beautiful Cromwell floor plan in the much sought after Active Adult 55+ retirement golf community of Sun City West offers 7 courses, 4 rec centers and a multitude of other activities. This is a total turn-key home offering open floor plan with vaulted ceilings, lots of natural light and porcelain wood plank flooring throughout. Remodeled kitchen with Quartz counters, tile backsplash, and new appliances. The primary bedroom has double door entry, totally updated bath with dual sink vanity, Quartz counters, glass shower with tile surround & separate tub. Guest bath also has similar updates. Spacious a ¼ acre private lot with no neighbor directly behind, and updates that include, HVAC and water heater, all flooring, kitchen, both baths, some new windows, lighting and plumbing fixtures.

View Property

3582 S Roy Rogers Way Gilbert, AZ 85297

$519,000

3 Beds

2.5 Baths

2,158 SqFt

Status Active

MLS # 6670289

Property Type Single Family Residence

Price Type --

3 bd/2.5 ba plus loft - charming home shows pride in ownership! Well maintained, inviting warm neutral colors make you feel right at home when entering into the circle foyer with designer tile. Downstairs you will find ample living space with an open kitchen/dining/living room for entertaining & half bath for all your guests. At the top of the stairs is the owner's suite with beautifully updated ensuite in 2019 & bonus sitting room in the Owner suite that could be used as an office or nursery. Large loft for additional entertainment separates the secondary bedrooms from the owner suite & laundry room. Garage has built-in cabinets & epoxy floors. Nestled in Knolls at Power Ranch with access to the 2 clubhouses, catch & release lakes, multiple pools, children's play areas, & sport courts

View Property

3220 W Cinnabar Avenue Phoenix, AZ 85051

$519,000

4 Beds

2 Baths

1,876 SqFt

Status Active

MLS # 6682714

Property Type Single Family Residence

Price Type --

Welcome to your oasis in the heart of Phoenix! This meticulously updated and maintained 4 bedroom / 2 bathroom home is located in the very desirable Metro Estates subdivision. Home features a spacious layout, wood plank flooring throughout, painted white cabinetry, SS appliances, wood block island & modern finishes throughout. Home has a flexible room/den ideal for an office. Bathrooms fully remodeled in 2022. Enjoy the relaxing backyard that includes a sparkling saltwater swimming pool, above ground spa, 3-hole putting green, synthetic grass, 70' covered patio with 3 outdoor ceiling fans and landscape lighting. Conveniently located near schools, parks, shopping, and dining, this home offers the best of Phoenix living. Don't miss the opportunity to make this your forever home!

View Property

538 E Devon Drive Gilbert, AZ 85296

$519,000

3 Beds

2 Baths

1,655 SqFt

Status Active

MLS # 6684004

Property Type Single Family Residence

Price Type --

Welcome to this charming 3-bed, 2-bath home in a great Gilbert neighborhood! Nestled on a corner lot and boasts upgraded features, making this house a true winner. Be greeted by a living & dining room combo w/a bay window! Continue onto the family room that opens to the kitchen, perfect for entertaining. The updated kitchen offers SS appliances, quartz counters, track lighting, an island, ample cabinetry, & a pantry w/barn door. Vaulted ceilings add to the airy feel, complemented by tons of natural light & newer LVP flooring t/out. Main bedroom has a walk-in closet and an ensuite with dual sinks, separate tub/shower, & outdoor access. The backyard beckons w/a covered patio, artificial turf, & space for BBQ. Only minutes from downtown Gilbert! Close to freeways, shopping, & parks! Act now!

View Property

6512 W Adobe Drive Glendale, AZ 85308

$519,000

3 Beds

2 Baths

1,667 SqFt

Status Active

MLS # 6685434

Property Type Single Family Residence

Price Type --

BACK ON THE MARKET**HIGHLY DESIRABLE ARROWHEAD RANCH LOCATION**PRIVATE CUL-DE-SAC LOT **UPGRADES GALORE** STUNNING MOVE IN READY HOME**BEAUTIFUL WOOD LOOK FLOORING THROUGHOUT**HIGH END FINISHES EVERYWHERE**OWNER HAS SPARED NO EXPENSE IN UPDATES**PRISTINE NEW LANDSCAPE**TRULY A BACKYARD OASIS**INCREDIBLE SUPER SHOWER**HUGE EXTENDED DRIVEWAY**TOO MUCH TO LIST**EASE OF ACCESS TO ALL ARROWHEAD AMENITIES**LUXURY MEETS PRACTICALITY IN THIS SPOTLESS GEM!**

View Property

1218 Daou Drive Globe, AZ 85501

$519,000

4 Beds

2 Baths

2,200 SqFt

Status Active

MLS # 6690876

Property Type Single Family Residence

Price Type --

This home is 1 year old!! No waiting months for your new home to be completed, then worrying about window coverings, gutters, concrete etc. This home has it all done for you! Featuring a split floor-plan with 4 large bedrooms and 2 bathrooms, upgraded stainless steel appliances, quartz countertops and custom kitchen cabinets. The owner's suite is fantastic with a dual vanity, muti-head shower and a massive walk-in closet. The oversized garage will definitely fit 2 cars or trucks, with room to spare. Outside you'll love the covered patio with awesome views of the Pinal Mountains. The lot is almost 1/2 acre and is ready for you to put the finishing touches on it. You're going to love this home!!

View Property

1709 W Buckhorn Trail Phoenix, AZ 85085

New

$518,900

3 Beds

2.5 Baths

1,486 SqFt

Status Active

MLS # 6703096

Property Type Single Family Residence

Price Type --

Nestled in the vibrant North Phoenix area just minutes from the Dixie Mountain Preserve and the burgeoning technology hub at TSMC, this home combines the tranquility of suburban life with the convenience of urban amenities. Offering a comfortable and convenient living space, it's ideal for those who appreciate proximity to nature and community. This welcoming residence features 3 bedrooms and 2.5 bathrooms within a functional layout of 1,486 square feet, perfect for both relaxation and entertaining. The two-car garage comes equipped with built-in upper storage. The low-maintenance landscaping mean less work and more leisure. Residents will enjoy direct access to the community park with a massive grassy area, playground, and picnic tables... This lovely home has been well-maintained including new exterior paint in 2023, AC unit motor replaced in 2023, flooring upgraded 3 years ago, new garbage disposal installed and a smart front door keypad. Whether you're a hiker looking to explore local trails or a professional seeking a serene retreat after work, this home offers an ideal North Phoenix living experience.

View Property

13103 W Castlebar Drive Sun City West, AZ 85375

$518,900

3 Beds

2 Baths

2,319 SqFt

Status Active

MLS # 6622820

Property Type Single Family Residence

Price Type --

Start living in this 3-bedroom corner lot home in Sun City's esteemed adult community! This gem boasts a sleek 2-car garage and an intimate courtyard. Inside, discover wood-look flooring, abundant natural light from skylights, and expansive living spaces perfect for gatherings. The kitchen showcases stainless steel appliances, granite counters, and a breakfast bar peninsula. The main bedroom offers an ensuite with dual sinks, a walk-in closet, and private access. Another room also features a walk-in closet and its own exit. Wind down in the Arizona room or your spacious backyard patio. With a roomy laundry area, built-in garage cabinets, and a serene setting to enjoy beverages outdoors, this home is a rare find!

View Property