Increasing home prices have the additional benefit of reducing mortgage foreclosures according to CoreLogic.  The company's Loan Performance Insights report for December notes the 30+ day delinquency rate is at a 10-year low.  Frank Nothaft, CoreLogic's chief economist says "Our latest home equity report found that the average homeowner saw a $9,700 increase in their equity during 2018. With additional 'skin in the game,' rising equity reduces the chances of a foreclosure, helping to push the foreclosure rate down to its lowest level since at least 2000."

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