CoreLogic: Underwater mortgages back above 11 million in 4Q

So-called “underwater mortgages” prevent people from selling their homes in an already weak housing market. The CoreLogic report says about 11.1 million households. it’s a seller’s market. We were.

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In 2014, sales of homes priced above $1 million grew nearly 12 percent, with. Business Highlights – WASHINGTON (AP) – The number of Americans who owe more on their mortgages. 11.1 million households, or 23.1 percent of all mortgaged homes, were underwater in the October-December quarter,

The CoreLogic report says about 11.1 million households, or 23.1 percent of all mortgaged homes, were underwater in the October to December quarter..

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. were underwater on their mortgage in the first quarter, or nearly 20 percent of mortgage holders, down from 11.4 million properties, or 23.7 percent of homes during the same period last year,

CoreLogic said 11.1 million residential properties, or 23.1% of all U.S. homes, were in negative equity at Dec. 31, up from 10.8 million, or 22.5%, the prior quarter. The total negative equity.

(Source: “CoreLogic: Underwater Mortgages back Above 11 Million in 4Q,” Housingwire.com, March 8, 2011.) Sure, the housing bubble may not be that huge and it might not burst anytime soon, but with the.

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One Million Homes Back Above Waterline in 2016 Mar 9 2017, 11:29AM The once- epidemic level of underwater properties retreated further into history in 2016 as another 1 million homeowners regained.

California had just over 1 million underwater homes in the second quarter, or 15.4 percent of mortgaged households. About 401,000 California households rose above water from the first to the.

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NEW YORK (Reuters) – Rising home prices last year helped more homeowners get back above water on their mortgages. underwater the fundamentals underpinning the housing market will continue to.

About 12.2 million homeowners with a mortgage were underwater at the end of the second quarter, down from 13 million in the first quarter and 15.3 million in the second quarter of 2012. The negative equity rate among all homeowners, both with and without a mortgage, was 16.7% at the end of the second quarter, according to the report.

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