St. Louis Real Estate Search

 

Percentage of Underwater Homeowners Increases For First Time In Nearly Three Years

Seriously underwater homeowners, those people whose mortgage debt is 125 percent or more of their current home’s value, increased to 13.2% of all home loans during the 1st quarter of 2015, marking the first increase in rate from the prior quarter since February 2012, according to a report released this morning from RealtyTrac.  As the chart below shows, the percentage of homeowners that are seriously underwater, peaked during the 2nd quarter of 2012 at 28.6% and has decreased every quarter until reaching the most recent low of 12.7% during the 4th quarter of last year.

(We work hard on this and sure would appreciate a “Like”)

Search St Louis Homes For Sale HERE
See ALL Homes That Will Be Open In St Louis This Weekend

Historical Underwater Homeowner Trends 2012-2015

Source: RealtyTrac

More Equity-Rich Homeowners Than Negative Equity Homeowners…

As the chart below shows, the share of homeowners that are equity-rich (meaning their mortgages are 50% or less of their current home’s value) increased around the 3rd quarter of last year to a higher rater than the share of homeowners that were seriously underwater.

Distresed Homeowner Equity Trends - Share of Seriously Underwater Homeowners and Share of Homeowners with Positive Equity

Source: RealtyTrac

Print Friendly, PDF & Email

Comments are closed.