Tuesday, August 21, 2012

Highest Rates of Negative Equity

According to CoreLogic, the number of underwater mortgages fell from 12.1 million (25.2 percent) at the end of 2011 to 11.4 million (23.7 percent) – by the end of the first quarter of this year. However, that number is a national average, so the figure varies by state. This is a list of the seven states with the highest number of homeowners with negative equity, according to the Wall Street Journal:

 Nevada: 61.2%
 Florida: 45.1%
 Arizona: 43.4%
 Georgia: 37.2%
 Michigan: 35.6%
 California: 30.5%
 Illinois: 28%

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