CoreLogic

Homeownership paid big dividends for Southern Californians who have owned their residences since the housing recovery began five years ago.

Fewer Long Islanders are drowning in mortgage debt as the housing market continues its slow recovery.

Homeowners gained an average of $12,987 in equity from last year, with Western states leading the increase.

The shift to a purchase market and an increase in wholesale mortgage originations contributed to a nearly 17% year-over-year rise in fraud risk during the second quarter, according to CoreLogic.

There will be fewer mortgage loans going into default in the next year as home prices continue to rise and more people get jobs, CoreLogic said.

Home prices are still hot in Santa Cruz County, Calif., but some signs point to seasonal cooling.

Dallas-area home prices were up 6.9% in the latest annual comparison by CoreLogic, just slightly ahead of the 6.7% nationwide gain in July compared with July 2016.

As housing demand continues to challenge low levels of supply, home prices are overvalued in 34% of the largest U.S. metropolitan areas, according to CoreLogic.

Sacramento County home prices kept pushing higher in July, CoreLogic reported.

Home sales in Ventura County and throughout Southern California fell sharply from June to July, according to a report released by CoreLogic.