Dallas-Area Homeowners Home Equity Gains

Dallas-Area Homeowners Have Gained More than $13,000 on Average in Home Equity Since Last Summer

Dallas-area homeowners should be feeling a little richer after years of hefty home value increases.

Just in the last year, Dallas homeowners have gained an average $13,631 in home equity, according to a new report by CoreLogic. Fort Worth area homeowners have earned even more in home equity - $14,781 on average since last summer.

Only 1.2 percent of Dallas-area residents with a home loan owe more than what their residence is worth. That's the smallest percentage of local homeowners who are upside down in their mortgage in more than a decade.

Nationwide, homeowners added almost $1 trillion in home equity in the second quarter, CoreLogic researchers say...

Read the Full Article Here