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July 18th, 2012

Midstate Households Regain Positive Equity

According to California-based real estate research firm CoreLogic, due largely to rebounding home prices, 1,574 midstate households regained a positive equity position in the first quarter of the year. Negative equity means that borrowers owe more on their mortgages than their homes are worth. In the Harrisburg-Carlisle area, 6,683, or 9.6 percent, of homes with a mortgage were in negative equity compared with 6,867, or 10 percent, the last year’s fourth quarter.

Article by Nicholas Shearer, CREDC Intern, with information from the Central Penn Business Journal


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