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Mortgage Holders Gain $1 Trillion in Home Equity
There\u2019s a home equity bonanza going on right now. Over the last year, the value of mortgaged homes has gone up $1 trillion. CoreLogic research shows the year-to-year increase is 11% from the third quarter of 2019 to the third quarter of 2020. That\u2019s great news for borrowers, especially those at risk of foreclosure because of the pandemic.
Links: \xa0 1 - https://www.corelogic.com/insights-download/homeowner-equity-report.aspx \xa0 2 - https://www.cnbc.com/2020/12/10/housing-is-doing-something-it-hasnt-done-since-the-bubble-achuthan.html \xa0 3 - https://www.cnbc.com/2020/12/11/household-net-worth-hits-new-record-of-123point5-trillion-amid-stock-market-surge.html