Realtormag
More home owners across the country are regaining equity, but that isn’t stretching to every place. Nationwide, 11.9 percent of homes are seriously underwater, which means the loan amount for the home was at least 25 percent higher than the property’s estimated market value. The number of seriously underwater home owners across the country is steadily improving.
In general, “the storyline is one of recovery,” says Daren Blomquist, vice president at ATTOM Data Solutions, a real estate research firm. “But there are definitely still markets that are not following that standard storyline.”
In nine U.S. cities, more than one in five home owners are considered seriously underwater. The national average is only about one in 10 as comparison.
