More than 900,000 U.S. homes regain equity
MarketWatch cites an analysis by CoreLogic that concludes that last quarter, homes with negative equity were down 946,000 from the prior quarter.
The drop in underwater homes was the second sharpest since data collection started in 2009, and far greater than a decline of about 352,000 in the quarter before it. As of now, the share of mortgages U.S. properties in negative equity fell to 10.7 percent in the second quarter from 12.7 percent in the first quarter and 14.9 percent in the year-earlier period.
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