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CoreLogic: Home equity increases reducing underwater properties
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CoreLogic released the Homeowner Equity Report for the second quarter of 2023 in September.
The report shows that homeowners with mortgages saw home equity decrease by 1.7 percent year-over-year, representing a collective loss of $287.6 billion and an average loss of $8,300 per borrower since the second quarter of 2022.
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