More than 1.3 million U.S. homeowners regained equity in their properties this year as prices rose after the worst real estate collapse since the 1930s, according to CoreLogic Inc.
About 600,000 borrowers who had been underwater, or owed more than their homes were worth, reached positive equity in the second quarter, the Santa Ana, California-based data provider said Wednesday. That added to the tally of more than 700,000 in the first three months of the year. About 22.3 percent of homeowners with a mortgage had negative equity at the end of June, down from 23.7 percent three months earlier.
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