【World Property Journal】Total U.S. Homeowner Equity Hits Record $15.8 Trillion in 2019

Homeowners enjoy a $9.7 trillion gain in equity in last 10 years, up from $6.1 trillion in Q1 of 2009

According to a special report by CoreLogic titled "The Role of Housing in the Longest Economic Expansion" -- which analyzes the U.S. housing market's impact on the latest 121-month economic expansion rising from June 2009 through July 2019 - states that U.S. employment rates typically have a positive impact on the housing economy as it can lead to an increase in potential home buyers and a decrease in negative equity (often referred to as being underwater or upside down, meaning borrowers owe more on their mortgages than their homes are worth). 
 
In the first quarter of 2010, 25.9% of the total number of mortgaged residential properties in the United States were in negative equity. As the market has improved over the past decade, this share dropped to 4.1% in the first quarter of 2019 (Table 1). A strong economy and an increase in total home equity helped to reduce the negative equity share. Total home equity reached a record of $15.8 trillion at the end of the first quarter of 2019, up from $6.1 trillion in the first quarter of 2009.

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