Real Estate Articles

2019-11-21 Top 10 Metros with Seriously Underwater Properties | By: Brad Beckett

Top 10 Metros with Seriously Underwater Properties
by Brad Beckett, Real Estate Investing Today

According to the latest U.S. Home Equity and Underwater Report from ATTOM Data, homeowners were found to be more likely equity rich than seriously underwater.  In other words, the combined estimated amount of loans secured by those properties was 50% or less of their estimated market value.  ATTOM says the number of equity rich properties in Q3, 2019 represented 26.7% of 54 million homes with mortgages.  But, their report does reveal the places with the highest number of properties that are seriously underwater. 

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