Data analyzed by CoreLogic has found the share of homes in negative equity fell to 2.3% in the second quarter of 2021 the lowest share in at least 12 years.
Read More »Persistent Housing Price Gains Hurting Affordability
House price gains continue to run at a pace well above the long-term average, according to a new report.
Read More »Course of Nature Might Put Homes Literally Underwater
Will rising sea levels put half of the homes in 300 U.S. cities literally underwater by the start of the next century?
Read More »Negative Equity Rate Approaches Single Digits in Q3 2014
According to CoreLogic's latest estimates, an additional 273,000 U.S. homes recovered to a positive equity position in Q3, bringing the total number of mortgaged homes with equity to approximately 44.6 million—about 90 percent of all mortgaged properties in the nation.
Read More »U.S. Negative Equity Rate Drops to 16.9%
In a report released this week, property data company Zillow estimated that 8.7 million homeowners living in the nation's top housing markets were underwater on their mortgage as of the end of the third quarter, putting the country's negative equity rate at 16.9 percent. The U.S. underwater rate peaked at 31.4 percent in 2012's first quarter.
Read More »Despite Progress, Little Help for Underwater Borrowers
While rising home values have pushed down the share of underwater mortgages, the sheer number of upside-down borrowers remains massive—nearing four million—according to an update from Black Knight Financial Services. Those four million underwater homeowners combined for about $157 billion in negative equity in October.
Read More »Report Examines Seriously Underwater Rate by Loan Vintage
The highest percentage of residential mortgage loans that were seriously underwater in the third quarter were originated during the housing bubble between 2004 and 2008, according to RealtyTrac's U.S. Home Equity & Underwater Report for Q3 2014. The number of Q3's seriously underwater mortgages that were originated in the years following 2006 has declined steadily, though it has ticked back up in the last two years.
Read More »Rate of Seriously Underwater Homes Drops in Q3
RealtyTrac reported that 8.1 million U.S. homeowners, representing 15 percent of all mortgages in the country, were seriously underwater on their mortgage in Q3, the lowest percentage of underwater mortgages nationwide since RealtyTrac began tracking the data in Q1 2012.
Read More »Underwater Rate Down in Q2 as Home Equity Rises $1T
Property information firm CoreLogic reported that nearly 946,000 homes returned to positive equity in the second quarter, meaning the mortgage holders owe less on their loan than the property's worth. With the most recent quarterly increase, CoreLogic estimates the total number of mortgaged homes with equity across the country has surpassed 44 million.
Read More »Study: Underwater Gen-Xers Holding Down Housing
According to Zillow's latest Negative Equity Report, high negative equity among Gen-X homeowners is causing gridlock in the U.S. housing market. Nearly 43 percent of homeowners between 35 and 49 are underwater on their mortgages. In contrast, only 15 percent of millennial homeowners (those between 20 and 34 years old) and 31 percent of baby boomers (50 to 64 years old) are underwater.
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