• Grey Facebook Icon
  • Grey Twitter Icon
Subscribe

 Stay updated on the latest news, tips, and event info in the mortgage industry. 

© American Business Media, LLC.

Homeowner Equity Soars In Southern California

September 26, 2017

 

Homeowners in Southern California will be rejoicing as their equity has risen to $210,000 for the average homeowner. It could be safe to say that the housing recovery has fully kicked in and homeowners will be reaping the rewards.

 

"The gain was even bigger in Orange and Los Angeles counties. The typical Orange County homeowner saw his or her equity soar $238,000 from the spring of 2012, while in Los Angeles County, equity gains averaged $241,000," according to National Mortgage News.

 

"Combined homeowner gains for the region totaled $591 billion, CoreLogic figures show."

 

Yesterday we reported that home prices have been increasing in disaster-prone areas and included California as they suffer from earthquakes at times. The increase in home prices, homeowner wealth and the declining mortgage debt are all huge factors driving this spike in equity. 

 

For an in-depth look at the increase in homeowner equity nationwide, click on the image above.

Share on Facebook
Share on Twitter
Please reload

Recent Posts

Please reload

Featured Posts

Reverse Mortgage Lending Limits Rise Again in 2020

December 4, 2019

1/10
Please reload

Follow Us

  • Grey Facebook Icon
  • Grey Twitter Icon