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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