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St. Louis Real Estate Search

 

Percentage of St Louis Homeowners With Negative Equity Grows Slightly






The number of homeowners that are “seriously underwater”, or in a negative-equity position (meaning they owe more on their home than it is currently worth), increased during the 2nd quarter of this year, according to a report just released by Attom Data Solutions. During the 2nd quarter of 2106, 17.8% of the homeowners, with a mortgage, in the St Louis MSA were in a negative equity position, up from 16.6% the quarter before and up just slightly from 17.4% during the 2nd quarter of 2015. […]

Help For Underwater Homeowners – One-time principal reduction plan






In mid-April the Federal Housing Finance Agency (FHFA) announced a new program aimed to help homeowners with a Fannie Mae or Freddie Mac loan that are seriously underwater on equity, meaning that their mortgage balance is at least 115 percent of the current value of their home. This new principal reduction modification program offers, to those that qualify, a one-time reduction in the balance of their mortgage to bring them out of a negative equity position. […]

St Louis Homeowners With Negative Equity Declines Over Eighteen Percent In Past Year






In the St Louis area there were 44,674 (7.9 percent of all residential properties) with negative equity, or underwater, during the 4th quarter of 2015, according to a report just released by Corelogic. This is a decline of 18.6 percent from the year before when there were 54,604 St Louis homeowners in a negative equity position (9.7 percent of all residential properties) . […]

Seven Percent Of St Louis Home Mortgages Are Underwater






As of the end of the 3rd quarter this year, seven percent of all St Louis homeowners with a mortgage were in a negative equity position meaning their current mortgage balance exceeds the current value of their home, according to a report just released by Corelogic. […]

Underwater Homeowners in St Louis Continues To Decline






There were 123,546 St Louis homeowners with negative equity, or in a seriously underwater condition on their mortgage meaning they owe more than the current value of their home, in the St Louis MSA during the 2nd quarter of 2015 according to the most recent data by RealtyTrac. This works out to 17 percent of all St Louis metro area homeowners with a mortgage being underwater on their mortgage which is an improvement from 21 percent just 2 quarters prior. […]

St Louis Homeowners with Negative Equity Improves by Over 20 Percent in 4th Quarter of 2014

There were 119,936 St Louis homeowners with negative equity, or in a seriously underwater condition on their mortgage meaning they owe more than the current value of their home, in the St Louis MSA during the 4th quarter of 2014 which is a 21% improvement from the prior quarter when there were 152,025 St […]

Number of St Louis Homeowners with Negative Equity Rises At End of 2013

The number of St Louis homeowners with negative equity (also referred to as “underwater” homeowners) increased in the 4th quarter of 2013 to 11.6% of all the St Louis homeowners with a mortgage on their home, an increase from 11.3% in the prior quarter, according to a newly released report from CoreLogic. Another 4.4% […]

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

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 […]

Number of homeowners with negative equity falls by almost 50 percent






The number homeowners in a negative equity position (owing more on their mortgage than the current value of their home) during the first quarter of this year fell to just 7.3 million homeowners in the U.S. or less than 15 percent of all homeowners with a mortgage, according to the most recent data from Lenders Processing Services (LPS). This represents a decline of almost 50 percent in the number of negative equity homeowners from a year ago. […]

The Number of Homeowners With Negative Equity Continues to Decline






Rising home prices helped 100,000 homeowners in the U.S. crawl out of a negative equity position during the 3rd quarter of 2012, according to a report just released by CoreLogic┬«. During the first nine months of 2012, there were a total of 1.4 million homeowners that found themselves moving from a negative equity position on their homes to a positive equity position. In spite of this vast improvement, twenty two percent of homeowners in the U.S. with a mortgage owe more on their homes than they are currently worth. […]

Number of St Louis Homeowners with Negative Equity Drops Almost 9 Percent in Past Year






As of the end of the second quarter of this year, there are 90,937 underwater St Louis homeowners, a slight increase from the prior quarter when there were 90,196 underwater St Louis homeowners and a decrease of almost 9 percent (8.8 percent) from the 2nd quarter of 2011 when St Louis underwater homeowners numbered almost 100,000 (99,792). One is said to be “underwater” on their mortgage when they owe more on their mortgage than their home is currently worth, which is also referred to as having “negative equity”. […]

Underwater St Louis homeowners on the rise






A report just released by CoreLogic shows that, at the end of fourth quarter 2011, there were 107,183 underwater St. Louis homeowners, or, to put it another way, St Louis homeowners with negative equity accounted for 18.8 percent of all St Louis homeowners with a mortgage. This is up from 17.1 percent at the end of the third quarter of 2011. In addition, 6.1 percent, or 34,639 St Louis homeowners, were in near negative equity for fourth quarter 2011 compared to 5.9 percent, or 33,694, in third quarter 2011. […]

Housing market not out of the woods yet






Mark Fleming, Ph.D., Chief Economist for CoreLogic, in a presentation yesterday, said the housing market is not out of the woods yet as the potential of a double-dip in our economy increases and as 30 to 40 percent of economists feel there is a chance of another recession. […]

St. Louis homeowners with negative equity increases slightly in 2nd quarter

A report released today by CoreLogic shows that 17.30 percent (99,792) of all St. Louis homeowners with a mortgage were in a negative equity position in the second quarter of 2011, up slightly from 17.10 percent the prior quarter. Negative equity is also referred to as being “underwater” or “upside down” and refers […]

St Louis Homeowners with Negative Equity Increases Slightly in First Quarter of 2011

A report released today by CoreLogic shows that 17.10 percent (97,772) of all St. Louis homeowners with a mortgage were in a negative equity position in the first quarter of 2011, up slightly from 17.0 percent the prior quarter. Negative equity is also referred to as being “underwater” or “upside down” and refers […]

Report Shows Little Improvement in Underwater Homeowners

Negative equity is the dominant factor driving the real estate market according to CoreLogic in it’s “U.S. Housing and Market Trends” report that was released today. According to the report, as of the 4th quarter of 2010, over 11 million (23 percent) of U.S. homeowners with a mortgage were in a negative equity […]

Homeowner Negative Equity Declines for Third Straight Quarter

A report released this morning by CoreLogic shows negative equity declined in third quarter of 2010 for residential properties, marking the third-consecutive quarterly decline. The CoreLogic reports that 10.8 million, or 22.5 percent, of all residential properties with mortgages were in negative equity at the end of the third quarter of 2010, down […]

Homeowners with negative equity declines for second consecutive quarter

Dennis Norman

After a couple of days of writing about bad reports on the housing market (existing home sales and new home sales to name two) I’m excited that I actually get to write something today that is positive! According to newly released data from CoreLogic, the percentage of homeowners in the U.S. […]

Almost thirty percent of mortgages in St. Louis are underwater

Dennis Norman

According to a report issued by First American CoreLogicmore than 15.2 million U.S. mortgages, or 32.2 percent of all mortgaged properties, are in a negative equity position. In addition, according to the CoreLogic report, there are an additional 2.5 million mortgaged properties that are approaching negative equity. Negative equity and near negative […]