As was discussed on RealtyBizNews back in late June, more than half of all US homes with a mortgage are underwater. According to an infographic created by the Allmand Law Bankruptcy Firm, the average home is underwater by around $70,000. The piece visualizes the top 5 worst states for a home loan as well as the top 5 states that are proving to be a huge opportunity for future homeowners. Out of the entire US, the worst state for a home loan is Nevada with a total of 61.1% of homes underwater. Check out the infographic below for a more in-depth look at the current state of the housing market:
As you can see, a bit of good news for Texans is captured in this infographic. Although many states are struggling with their outstanding mortgage debt, the housing market in Texas seems to be flourishing. A featured look at the real estate market in Texas is given, as well as a summary of the average cost of homes in the major Texas metropolitan areas. As more metropolitan areas in other states follow suit, the US will be on its way to becoming a more homeowner friendly place to live once again.