Economists' Outlook reports on the amount of equity homeowners have at the end of 2013 based on what year they purchased their homes. Those who purchased homes at the height of our market, in 2006 and 2007, still have negative equity. As the market is improving the gap is getting smaller and those who purchased homes in 2006 and 2007 are nearly in positive equity.
Those who purchased a home in 2004 with a mortgage and was able to hold the home for the last 9 years will have an equity amount of $28,114.
Economists forcast that those who purchased in 2012 with a mortgage will have more than $23,000 in equity at the end of 2013.
With the continuing growth of the market, 2014 will further help homeowners who are under water to come into positive equity on their home.