Mortgage, Real Estate, Residential, US Real Estate

Despite Lower Home Values, 9 out of 10 Homeowners Stick It Out

By Anita Cooper | May 29, 2012
Any smart student of finance will tell you that it’s not a good idea to owe more on something than what it’s worth. That is why so many homeowners (especially those who had little to no buy-in) have simply walked away from their devalued homes, rather than remain underwater.
International, Real Estate, US Real Estate

North-South Divide Is Alive and Kicking in the UK

By Allison Halliday | April 13, 2012
More homeowners in the north of the UK have loans which are underwater, or in negative equity, than in the South. The percentage of UK mortgage holders with negative equity currently stands at 5.6%, with far more people in the north of England being affected than those living in the South
US Real Estate

More Australian Home Owners May Be "Under Water" in 2012

By Tavis J. Hampton | December 29, 2011
Real Estate experts expect Australia’s home prices to continue to fall in 2012, and that means more  homeowners may find themselves “under water”. Those homeowners who have negative equity, owing more than the original cost of their homes, is still a small percentage, but it is expected to grow as home prices drop. Australia’s real […]
Mortgage, Real Estate, US Real Estate

Sales Held Back By Underwater Borrowers

By Mike Wheatley | September 16, 2011
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 […]
Real Estate, Residential, US Real Estate

Less Borrowers Underwater, But It’s Not A Good Sign

By Mike Wheatley | June 8, 2011
The percentage of underwater homeowners, those who owe more than their home is worth, has dropped off slightly in the first quarter of this year, but only because so many homes have gone into foreclosure or been sold off as short sales. Despite the drop off, just over a quarter of US homeowners with mortgages […]
Real Estate, Residential, US Real Estate

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

By Tavis J. Hampton | May 9, 2011
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 […]
US Real Estate

St. Louis and the Negative Equity Woes

By Phil Butler | February 14, 2011
Across the country house prices are still on the decline for the most part. And nowhere is this more evident than in St. Louis where more and more homeowners are "underwater" where their home's actual value is concerned. According to Zillow, the people who owe more than their home is worth continues to rise, with one in three mortgages being upside down now.
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