CoreLogic: Negative equity props up home prices in toughest markets

CoreLogic: Negative equity props up home prices in toughest markets

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Homeowners with Negative Equity Increased by 35,000 in Q4 CoreLogic’s fourth-quarter report showed average homeowner gained $9,700 in home equity over the last four quarters, but the quarterly increase in negative equity was the first increase in three years.

Underwater Mortgage Relief CALL 216-598-0347 NOW Cleveland OH Upside Down Mortgage Relief Cuyahoga The negative equity problem may actually be pushing up home prices at the bottom of some of the hardest-hit housing markets, according to a report from CoreLogic. The national supply of unsold homes dropped to 6.5 months in April from nine months last June. But the decline occurred less because of an increase in sales.

The negative equity problem may actually be pushing up home prices at the bottom of some of the hardest-hit housing markets, according to a report from CoreLogic ($18.31 0.28%) [2]. The national supply of unsold homes dropped to 6.5 months in April from nine months last June. But the decline occurred less because of an increase in sales.

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Housing Wire – "CoreLogic: Negative equity props up home prices in toughest markets" (6-11-12) "The negative equity problem may actually be pushing up home prices at the bottom of some of the hardest-hit housing markets, according to a report from CoreLogic ($17.39 0.06%) ."

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