Over 1 of every four St Louis homeowners (28%) with a mortgage are seriously underwater on their mortgages, meaning the current value of their home is at least 25 percent less than the total of their mortgages as of December 2013, according to a report just released by RealtyTrac. On a national level, in December 19% of the homeowners with a mortgage were considered seriously underwater.
At the other end of the spectrum, 11 percent of St Louis homeowners with a mortgage are “equity-rich“, meaning their mortgages total less than 50% of the current value of their home. On a national level, equity-rich homeowners account for 18% of the homeowners with a mortgage.
The chart below shows St Louis homeowners equity.
St Louis MSA Homeowner Equity
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