5 Equity-Rich States
Is your State on the list of the 5 highest equity-rich states?
More home owners are regaining equity across the nation, with more than 300,000 residential properties posting equity gains in the first quarter of 2014, bringing the total number of properties with positive equity to 43 million in the U.S., CoreLogic reports.
Some states are faring better than others when it comes to equity-rich home owners. The states with the highest percentage of residential properties with a mortgage holding equity are:
- Texas: 96.7%
- Montana: 96.3%
- Alaska: 95.7%
- North Dakota: 95.7%
- Hawaii: 95.6%
Broken down further, the following metros had the highest percentage of equity:
- Woodlands-Sugar Land, Texas: 97%
- Dallas-Plano-Irving, Texas: 96.2%
- Anaheim-Santa Ana-Irvine, Calif.: 95.6%
- Portland-Vancouver-Hillsboro, Ore.: 94.8%
- Seattle-Bellevue-Everett, Wash.: 93.7%
Source: CoreLogic
