It's a natural consequence of the home sales price increases that are evident in the local market, but homeowners across the city, state, and nation are finding themselves in better equity positions, according to the most recent data.
According to CoreLogic, 81 percent of mortgages in Chicago are now above water after the first quarter 2015 appreciation. That's up 78.1 percent in 2014. There was also a .2 percent drop in mortgages that were in near negative equity from 3.8 percent in 2014.
Nationwide 90 percent of mortgages are now in positive territory.
For more, head over to Chicago Agent Magazine here.