CoreLogic: 28.3 percent of mortgaged homes in Miami underwater

Miami Raises Third Quarter Equity According to CoreLogic. by James McClister January 9, 2015. CoreLogic’s third quarter equity report helps instill confidence for 2015. Early today, CoreLogic released its quarterly equity report, detailing the state of both the nation and individual metros in regards to the current level of equity in the market.

CoreLogic (NYSE: CLGX), a leading global property information, analytics and data-enabled solutions provider, today released a new analysis showing 548,000 U.S. homeowners regained equity in Q2 2016 compared with the previous quarter, increasing the percentage of homes with positive equity to 92.9 percent of all mortgaged properties, or.

With property values rising, more than 200,000 homeowners in the United States returned to positive equity in their homes in the fourth quarter of 2012, according to a new study by CoreLogic. The number of homeowners that are still "underwater," with negative equity in their homes, now stands at 10.4 million, or 21.5 percent of all residential properties with mortgages, down from 10.6 million.

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Despite the sharp rebound in housing prices in Miami in recent years, 28.3 percent of mortgaged homes in the area were still underwater in the third quarter of 2014, according to CoreLogic.

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According to Irvine, Ca-based CoreLogic. 21.5 percent year over year from 5.1 million homes, or 10.3 percent, compared with Q1 2015. Negative equity, often referred to as "underwater" or "upside.

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CoreLogic: 28.3 percent of mortgaged homes in Miami underwater CoreLogic data includes 49 million properties with a mortgage, which accounts for more than 85 percent of all mortgages in the U.S. CoreLogic uses public record data as the source of the MDO, which includes both first-mortgage liens and second liens, and is adjusted for amortization and home equity utilization in order to capture.