Connecticut homeowners didn’t gain much ground on their home equity in the fourth quarter, according to CoreLogic.
Of 838,000 mortgaged homes here, 11.6 percent had negative equity in the fourth quarter, which means borrowers owed more than their homes were worth. That was down slightly from 11.7 percent in the final quarter of 2013.
The portion of borrowers nearing negative equity was flat at 3.2 percent, CoreLogic said.
The combined 14.8 percent of borrowers who are underwater or getting close was the 12th highest in the country, CoreLogic said. Seven states had insufficient data to determine equity.
Across the country, borrower equity increased by $656 billion in the fourth quarter, while the number of underwater homes increased by approximately 3 percent.
The states with the greatest ratio of homes with negative equity were Nevada, Florida, Arizona, Illinois and Rhode Island.
