The tide is turning as ‘underwater’ homes dry up

While most homeowners are enjoying seeing the value of their properties appreciate, there’s also good news for some of those who were previously underwater, or owing more on their mortgages than their homes are worth. New data from ATTOM Data Solutions’ third quarter 2017 Home Equity & Underwater report shows that there are now just […]

Negative equity continues to dog real estate markets

There are fewer homeowners underwater on their mortgages, but more than half of those who remain underwater owe at least 20 percent more than their homes are worth

Zillow study shows homes in black neighborhoods are twice as likely to be underwater

A new study from Zillow has found that homeowners in predominantly black communities are almost twice as likely to be “underwater” on their mortgages

2 million U.S. homes threatened by rising sea levels

Nearly 2 million U.S. homes would be lost if the oceans rise by six feet as scientists expect by the year 2100, according to a new Zillow analysis. The endangered homes represent just under two percent of the national housing stock, and are worth a cumulative $882 billion.

Zillow: 6 million U.S. homes still have negative equity

Fewer homeowners were underwater as the negative equity rate fell to 13.1 percent in the United States, according to the fourth quarter Zillow Negative Equity Report.

15 Percent of all Mortgaged Homes Still Underwater

Home appreciation has slowed drastically since last year’s rapid rise, and for some home owners, prices just haven’t risen enough. That leaves many seriously underwater, owing more on their mortgage than their home is currently worth.

Short Sales Falling Out of Favor with Underwater Homeowners

Real estate professionals say that their underwater sellers are less likely to consider a short sale, even if faced with foreclosure.

Why Using Eminent Domain To “Fix” Underwater Mortgages Must Be Stopped

Lately a number of local municipal governments in California have been considering a seizure of thousands of properties with underwater mortgages, by utilizing their “police power” known as “Eminent Domain”. But eminent domain was never intended for this purpose.

Sales Held Back By Underwater Borrowers

New data released by CoreLogic shows that a large number of homeowners remain “underwater”, a situation where they owe more on their mortgage than their homes’ value, as a result of continuing property price declines. CoreLogic said that around 10.9 million residential properties, which amounts to 22.5% of all mortgaged homes in the US, were […]

Zillow: 28 Percent of U.S. Homeowners Are Now Underwater

The percentage of homeowners with negative equity has increased to 28, according to Zillow, a website listing and property-value estimate website.  Those homeowners, said to be “underwater”, accounted for 22 percent last year, but home values have fallen 8.2 percent over the past 12 months. Zillow says home prices dropped 3 percent in the first […]

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