CoreLogic Equity Report: 254,000 Properties Regained Home Equity in Q1 2015

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According to the CoreLogic Equity Report for the first quarter of 2015, 254,000 underwater properties regained home equity in the first three months of the year. Rising home values have enabled homeowners of those properties to get out of the negative equity trap and into positive territory on their mortgage loans. And this is a positive sign for the housing market as a whole, which still includes a little over 5 million underwater homes without any home equity. CoreLogic predicts in its Equity Report that another five percent increase in home prices could restore home equity to 1 million more of those properties. On this episode of Big Money Real Estate, I chat with Frank Nothaft, Senior Vice President and Chief Economist at CoreLogic. He shares his insight on the CoreLogic Equity Report numbers, as well as the job market. So be sure to watch this episode in its entirety to get the full home equity picture. And check out Ilyce’s Intentional Investor Series to learn everything you need to know to become a successful investor in real estate. Looking for more of Ilyce’s real estate and personal finance tips? Read her blog, see her tweets and follow her on Facebook. Click here for a link to CoreLogic’s Equity Report for the first quarter of 2015.
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Star of Discovery Channel’s “Undercover Billionaire,” Grant Cardone owns and operates seven privately held companies and a private equity real estate firm, Cardone Capital, with a multifamily portfolio of assets under management valued at over $4 billion. He is the Top Crowdfunder in the world, raising over $900 million in equity via social media. Known internationally as the leading expert on sales, marketing, and scaling businesses, Cardone is a New York Times bestselling author of 11 business books, including “The 10X Rule,” which led to Cardone establishing the 10X Global Movement and the 10X Growth Conference, now the largest business and entrepreneur conference in the world. The online business and sales educational platform he created, Cardone University, serves over 411,000 individuals and Forbes 100 corporate clients throughout the world. Voted the top Marketing Influencer to watch by Forbes, Cardone uses his massive 15 million plus following to give back via his Grant Cardone Foundation, a non-profit organization dedicated to mentoring underserved, at-risk adolescents in financial literacy, especially those without father figures.