- The Big Picture - http://www.ritholtz.com/blog -

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

i6xERnunzU3c [1]
Source: RealtyTrac [2]


Each quarter, RealtyTrac releases its “Home Equity and Underwater Report [3].”

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

Continues here [4]


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

URL to article: http://www.ritholtz.com/blog/2014/07/states-with-the-most-negative-equity-in-residential-real-estate/

URLs in this post:

[1] Image: http://www.ritholtz.com/blog/wp-content/uploads/2014/07/i6xERnunzU3c.png

[2] RealtyTrac: http://finance.yahoo.com/news/u-homes-underwater-stalls-9-044036340.html

[3] Home Equity and Underwater Report: http://www.realtytrac.com/content/foreclosure-market-report/us-q2-2014-home-equity-and-underwater-report-8118

[4] Continues here: http://www.bloombergview.com/articles/2014-07-24/another-look-at-underwater-mortgages-ritholtz-chart

Copyright © 2008 The Big Picture. All rights reserved.