Irvine Real Estate News
Irvine
U.S. Homeowners Enjoyed $1.9 Trillion of Equity Gains in Early 2021
CoreLogic's newly released Homeowner Equity Report for the first quarter of 2021 shows U.S. homeowners with mortgages (which account for roughly 62% of all properties) have seen their equity increase by 19.6% year over year, representing a collective equity gain of over $1.9 trillion
NAR Predicts Consumer Spending Will Propel Continued Economic Growth in 2021
According to the National Association of Realtors, after recording the quickest recovery in the nation's history in the wake of the COVID-19 pandemic, the U.S. economy is expected to kick into higher gear in 2021.
Mortgage Delinquency Rates in U.S. Level Off in February
According to CoreLogic's latest monthly Loan Performance Insights Report, in the month of February 2021, 5.7% of all mortgages in the U.S. were in some stage of delinquency (30 days or more past due, including those in foreclosure).
32 Percent of U.S. Homes Considered Equity Rich in Q1
17.8 million residential properties in the United States were considered equity-rich, meaning that the combined estimated amount of loans secured by those properties was 50 percent or less of their estimated market value.
