Inman News reveals what we’ve all been calculating in our own areas–home prices are rising, helping millions out from under the threat of foreclosure. We at Savvy feel that the Charlotte NC real estate recovery is well under-way and are thrilled for formerly underwater homeowners who are finally seeing the light of day!
Rising home values helped 1.3 million homeowners get out from “underwater” in the first half of the year, and another 2 million would get equity if national home prices increase by another 5 percent, data aggregator CoreLogic said today.
CoreLogic estimates that 22.3 percent of all residential properties with a mortgage were worth less than what was owed on their mortgages at the end of June, down from 23.7 percent at the end of March.
See on Scoop.it – Real Estate Across America
See on www.inman.com