NEARLY 1 MILLION HOUSES FLOAT BACK INTO POSITIVE EQUITY

Approximately 850,000 more residential properties returned to a state of positive equity during the first quarter of 2013, according to the CoreLogic first quarter home equity report.

The recovery is still far below peak home price levels, but tight supplies in many areas coupled with continued demand for single family homes should help close the gap.

Rising home values in many areas including many areas within San Bernadino, Riverside and Los Angeles counties are responsible for causing the negative equity burden to recede.

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