The housing market continued its recovery as CoreLogic, a leading global property information, analytics and data-enabled services provider, released a new analysis showing 254,000 properties regained equity in the first quarter of 2015.
Nationwide, nearly 90 percent of mortgaged residential properties, approximately 44.9 million, now have positive equity. Just over 5.1 million properties, approximately 10.2 percent, still have negative equity meaning owners are upside down or underwater in their mortgages.
Locally the numbers aren’t quite as good. The company’s statistics indicate that 15.3 percent of homeowners in the Stockton-Lodi area ... Read More