Wednesday, March 20, 2013

10.4 million mortgages still in negative equity | All About Real Estate ...

by reggielal on March 19, 2013

This up-swing in Real Estate prices has helped the Real Estate market in many parts of the Country. I have been reading some very optimistic?forecasts?regarding where home prices will end up this year, anywhere from zero to 20% or more. No one is sure, all good educated guess based on their own?interpretation?of the data and the level of intervention.

Here is what we do know thus far:

Due to rising home prices : At the end of 2012 ? 200,000 more homes moved out from the ?Under Water??category?(per CoreLogic)

So here are the numbers: ?38.1 US homeowners now have equity

10.5 Million of all homeowners that have a mortgage are still underwater (that is 21.5% of all US ?home with a mortgage)

Nevada has the highest percentage of homes with negative equity. Florida has 40.2 %

?

Source: http://reggielal.com/archives/1895

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