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Home-Equity Wealth Makes a Comeback
CoreLogic reports that home prices rose 40 percent in the national index since 2011
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In early July 2011, CoreLogic believed consumer spending would remain slow because housing price trends had a stronger negative wealth effect impact on consumer spending than the positive wealth impact of stock prices. Since then, equity values have
CoreLogic’s Home Price Index indicates that home prices in the United States increased by .7 percent in June 2011 compared with May 2011 –– the third consecutive month-over-month increase.
In 2018, U.S. homeowners collectively gained 8 percent in home equity, or $678 billion, per CoreLogic data. Per homeowner, that comes out to about $9,700 in added wealth.
CoreLogic released negative equity data showing that 11.1 million, or 22.8 percent, of all residential properties with a mortgage were in negative equity at the end of the fourth quarter of 2011.
CoreLogic’s Home Price Index revealed home prices, including distressed sales, declined on a year-over-year basis by 3.1 percent in January 2012 and by 1 percent compared to January 2012, the sixth consecutive monthly decline.
CoreLogic's most recent Home Price Index reveals a housing market on the brink of a major slowdown
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