The Geography of Underwater Homes

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The Geography of Underwater Homes

The Geography of Underwater Homes

The Atlantic Cities-

Nearly five years after the market came crashing down, America’s housing market is beginning to show signs of recovery. Sales of previously-occupied homes have been tracking upward, as have prices.  

And according to data released today by the by real-estate website Zillow, the share of homeowners who are “underwater” is also starting to slowly improve. The Zillow data tracks the percent of homeowners with negative equity — that is, those who owe more than their homes are worth — and the dollar amount of that negative equity for the United States as a whole and for its metro regions.

While the amount of negative equity declined by $42 billion in the second quarter this year, it remained a whopping $1.15 trillion. Of all homeowners, 15.3 million (30.9 percent) remained underwater in the second quarter, though this was down from 15.7 million homeowners or 31.4 percent in the first quarter.

[THE ATLANTIC CITIES]

Map courtesy of Zara Matheson, data courtesy of Zillow.

© 2010-17 FORECLOSURE FRAUD | by DinSFLA. All rights reserved.



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