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St. Louis Real Estate Search

 

St Louis Homeowners With Negative Equity Drops By One-Third In 2nd Quarter

St Louis Negative Equity - Dennis Norman

There were 59,709 St Louis homeowners with negative equity in the 2nd quarter of 2013, a 33 percent decline from the first quarter of this year when there were 89,690, according to a report released by CoreLogic.  During the 2nd quarter just over 1 in 10 (10.6%) of all St Louis homeowners with a mortgage owed more on their home then the current value thereby putting them underwater, or in a negative equity position.  The quarter before, about one in 6 (16%) St Louis homeowners with a mortgage were underwater.

 

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