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States with the Most Negative Equity in Residential Real Estate
Posted By Barry Ritholtz On July 24, 2014 @ 2:30 pm In Data Analysis,Real Estate | Comments Disabled
Source: RealtyTrac 
Each quarter, RealtyTrac releases its “Home Equity and Underwater Report .”
According to RealtyTrac’s data, “9.1 million U.S. residential properties were seriously underwater.” Mortgages that are “seriously underwater” exceed a property’s value by at least 25 percent. They also account for 17.2 percent of all properties with a mortgage.
That number decreased slightly (0.2 percent) in the second quarter. In the second quarter of 2012, there were 12.8 million properties that were “seriously underwater” — 29 percent of all homes with a mortgage
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URL to article: http://www.ritholtz.com/blog/2014/07/states-with-the-most-negative-equity-in-residential-real-estate/
URLs in this post:
 Image: http://www.ritholtz.com/blog/wp-content/uploads/2014/07/i6xERnunzU3c.png
 RealtyTrac: http://finance.yahoo.com/news/u-homes-underwater-stalls-9-044036340.html
 Home Equity and Underwater Report: http://www.realtytrac.com/content/foreclosure-market-report/us-q2-2014-home-equity-and-underwater-report-8118
 Continues here: http://www.bloombergview.com/articles/2014-07-24/another-look-at-underwater-mortgages-ritholtz-chart
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