Negative Equity Dips Slightly, 10.7 Million Homes Still Underwater
Yesterday CoreLogic published its Third Quarter Negative Equity Report. Although negative equity declined somewhat, 10.7 million homes with mortgages are still underwater, comprising 22.1 percent of all residential homes with mortgages. This is down from the second quarter, where 10.9 million homes and 22.5% of homeowners with mortgages were underwater. An additional 2.4 million homes have less than five percent equity.
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