CoreLogic, which watches real estate nationwide, recently reported that 946,000 residential properties nationwide regained $1 trillion in total equity in the second quarter this year.
Titillating, for sure.
But it followed up that information with a sentence that said that 10.7 percent of all homes -- 5.3 million -- are still in a negative equity situation, better known as underwater.
Glum as that certainly seems especially to those whose homes are in the latter group, the situation has improved noticeably since the same time last year.
Then, said CoreLogic, 14.9 percent, or 7.2 million homes, were underwater.