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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.
Gloom Grips Consumers, and It May Be Home Prices 
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:
 Image: http://www.nytimes.com/interactive/2011/10/19/business/more-mortgage-debt-than-property-value.html
 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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