The above map shows the percentage of homes with a mortgage in each state that are in a ‘negative equity’ situation meaning that the value of the home is less than the mortgage amount. Approximately 30% of the homes in the country don’t have a mortgage on them.
| Members: Sign in now to set up your Personalized Posts & start sharing today! Not a Member Yet? Click Here to learn more about KCM’s newest feature, Personalized Posts. |
[…] comments that you feel Talk Money Blog should have said then leave us a comment below Talk Money Blog Talks With Susanna Reid BBC News Breakfast presenter, Susanna Reid discussed the rec…ark Aucamp. Money Expert Mark Aucamp from Talk Money Blog agreed with the findings of this survey by […]
[…] What surprised me the most was the amount of states with very few home owners that were under water. Check out the map here. […]
[…] Your thoughts, experiences and comments about negative equity mortgage are welcome below.Lloyds Banking Group has launched a mortgage product aimed at the Negative Equity Mortgage borrowers…need to move home. This comes as inflation rockets, growth in the economy falls below zero and […]
[…] Negative Equity: State By State. Advertisement GA_googleAddAttr("AdOpt", "1"); GA_googleAddAttr("Origin", "other"); […]
[…] Negative Equity: State By State […]
Does this mean values have fallen on average this much, that the average homeowner has this much negative equity, that owners who bought in the last X years have seen their market value drop below purchase price this much? No matter where and what, it’s pretty astounding to think that all the people who have owned a home 20 years are also suffering from negative equity like this.
The above map shows the percentage of homes with a mortgage in each state that are in a ‘negative equity’ situation meaning that the value of the home is less than the mortgage amount. Approximately 30% of the homes in the country don’t have a mortgage on them.
The map shows the percentage of homes with a mortgage in each state that are in a ‘negative equity’ situation meaning that the value of the home is less than the mortgage amount. Approximately 30% of the homes in the country don’t have a mortgage on them.
Can you reverse this map – and show positive equity by state? 95% of the people out there are okay. Would be extra cool if you could do it by county’s but that seems like it would be tedious from your side.
Great point. Approximately 22% of homes with a mortgage are underwater. However, approximately 30% of all homes do not have a mortgage on them. That means that the actual number in negative equity stands at 16% of all homes. We recently did another infographic on this: http://www.kcmblog.com/2011/09/23/negative-equity-the-percentage-of-all-homes/. We would love to break it down by county but that information is not currently available to us.
This is a very interesting graphic, and I don’t see any surprises but I am wondering what the source of the data is. I think the mortgage data is relatively easy to obtain, but the values on the individual homes is another story. Can you shed some light on the approach towards how each home was determined to be underwater? To me, this is a very important question because without understanding the source of the data, it’s tough to trust it.
The information was taken from CoreLogic’s 3rd Quarter Negative Equity Report. To find their actual methodology you can go to CoreLogic.com.
Like both the graphics. It would be interesting to see a side by side comparison for the last 5 years showing the trends…
You sure can Pat! In fact, we think that’s a fantastic idea!