Oregon Homeowner Equity Declined $4.28 Billion in Last Year.

Graph below shows CHANGES in property value, mortgage debt outstanding, and homeowner equity for 4th. Quarter 2010 vs 4th. Quarter 2009. Chart shows that property value has declined more than the decline in mortgage debt, resulting in a decline in homeowner equity.  (If you do the math using detailed reports linked below, you would find that one year average equity decline per mortgage was $5,474).

More state level data available from CoreLogic reports HERE for 4th Quarter 2010 and 4th Quarter 2009 HERE. (My prior post HERE reported caveats when looking at underwater loan data). 

Originally created and posted on the Oregon Housing Blog.