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What Cities’ Homeowners Are the Most Underwater?

Posted By Barry Ritholtz On October 19, 2011 @ 11:30 am In Economy,Real Estate | Comments Disabled

As the housing market collapsed and home prices plummeted, Americans lost vast amounts of wealth. Homeowners in some cities were hit particularly hard — Las Vegas and Orlando, Fla., are now effectively “underwater,” with more mortgage debt than property value over all.

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[1]

Source:
Gloom Grips Consumers, and It May Be Home Prices [2]
NYT, October 18, 2011


Article printed from The Big Picture: http://www.ritholtz.com/blog

URL to article: http://www.ritholtz.com/blog/2011/10/what-cities-homeowners-are-the-most-underwater/

URLs in this post:

[1] Image: http://www.nytimes.com/interactive/2011/10/19/business/more-mortgage-debt-than-property-value.html

[2] Gloom Grips Consumers, and It May Be Home Prices: http://www.nytimes.com/2011/10/19/business/economic-outlook-in-us-follows-home-prices-downhill.html

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