Texas has the highest percentage of homes with positive equity, according to a new study by CoreLogic. Only 1.6 percent of the state’s homeowners with a loan owe more money than their property is worth.
The home equity position is even stronger in the Dallas area, where only 1.5 percent of homeowners with loans are underwater in their mortgage. That works out to about 11,314 properties.
North Texas home prices have risen more than 40 percent in the last few years. In November, median home sales prices in the area were 15 percent higher than a year earlier.
Read more at Dallas News