Average CA Homeowner Gained $12,000 in Equity this Year

CoreLogic's latest Home Equity Report for the second quarter of 2020 shows U.S. homeowners with mortgages have seen their equity increase by 6.6% year over year.

This represents a collective equity gain of $620 billion, and an average gain of $9,800 per homeowner, since the second quarter of 2019. In California, the average gain was closer to $12,000. However, CoreLogic predicts home price growth will slow over the next 12 months and mortgage delinquencies will continue to rise. 

Read the summary.