Negative equity trends 2012-1014. Image taken from RealtyTrac.ocm article.
Housing data site RealtyTrac is reporting the number of seriously underwater properties decreased by 2.2 million in 2014. A seriously underwater home , where the combined loan amount secured by the property is at least 25 percent higher than the property’s estimated market value. According to RealtyTrac, seriously underwater homes represent 13 percent of all properties with a mortgage, falling from a high of around 33 percent in 2012. You can read the entire article here.
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