Borrowers gained nearly $457 billion in home equity in the last year

Homeowner equity continued to increase in the third quarter of the year, according to the Q3 2019 home equity analysis from CoreLogic, a property information, analytics and data-enabled solutions provider. Homeowners with a mortgage about 64% of all homeowners saw their equity increase by 5.1%, a total of nearly $457 billion, since the third quarter of last year. This means the average homeowner gained about $5,300 in equity in the last year. Of all the nation’s housing markets, homeowners in Idaho experienced the largest gain in home equity. In this state, homeowners gained an average of $25,800.