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% of the home owners with a mortgage were in a “near negative equity” position, up from 4.3% in the 3rd quarter.

Nationally, 13.3 percent of homeowners with a mortgage were in a negative equity position during the 4th quarter of 2013, the same as the quarter before.

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