Printer Friendly

Report: NH homeowner equity grew in 3rd quarter.

New Hampshire homeowners collectively saw their equity increase by 5.2 percent year over year in the third quarter, according to real estate data analytics firm CoreLogic.

Additionally, homeowners gained an average of $14,002 in home equity between the third quarter of 2016 and 2017.

Meanwhile, CoreLogic also reported that 3,935 mortgages in the Manchester-Nashua area, or 5.1 percent, remain in negative equity. That's down significantly from a year ago, when 5,844, or 7.7 percent, were in negative equity, CoreLogic said.

An additional 1,274 properties, or 1.6 percent, were in near-negative equity (less than 5 percent equity) in the third quarter of 2017 compared with 1,956, or 2.6 percent, in 2016.

Nationally, homeowners have collectively seen their equity increase 11.8 percent year over year, with an average equity gain of $14,888 since the third quarter of 2016, CoreLogic reported.

Western states led the increase, with no state experiencing an equity decrease. Washington homeowners gained an average of approximately $40,000 in home equity and California homeowners gained an average of approximately $37,000 in home equity, according to CoreLogic.

COPYRIGHT 2017 Business Publications, Inc.
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2017 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Title Annotation:New Hampshire
Publication:New Hampshire Business Review
Article Type:Brief article
Geographic Code:1U1NH
Date:Dec 22, 2017
Words:190
Previous Article:Six NH projects win FHLB grants.
Next Article:Liberty proposes 27-mile natural gas pipeline: Stratham-to-Manchester project to be built along state right-of-way.
Topics:

Terms of use | Privacy policy | Copyright © 2020 Farlex, Inc. | Feedback | For webmasters