Average equity per homeowner rises to record $300,000

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Average equity per homeowner rises to record $300,000
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U.S. homeowners with mortgages, which accounts for nearly two-thirds of all properties, saw equity in their homes during the second quarter rise 27.8% from a...

U.S. homeowners with mortgages, which accounts for nearly two-thirds of all properties, saw equity in their homes during the second quarter rise 27.8% from a year ago, according to property information company CoreLogic's Homeowner Equity Report released Friday. The total increase in home equity for the quarter was $3.6 trillion, or an average of $60,200 per borrower. The total average equity per homeowner rose to a record $300,000.

. U.S. homeowners with mortgages, which accounts for nearly two-thirds of all properties, saw equity in their homes during the second quarter rise 27.8% from a year ago, according to property information company CoreLogic's Homeowner Equity Report released Friday. The total increase in home equity for the quarter was $3.6 trillion, or an average of $60,200 per borrower. The total average equity per homeowner rose to a record $300,000.

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