Seven Percent Of St Louis Home Mortgages Are Underwater

By Dennis Norman, on December 17th, 2015

As of the end of the 3rd quarter this year, 7 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.  In addition, another 4.6 percent of St Louis homeowners with a mortgage are in a near-negative equity position putting a total of 11.6 percent of St Louis homeowners with a mortgage in a position where it would be hard for them to consider selling their home, without bringing money to closing.

For the state of Missouri, the negative equity rates is 6.3 percent and nationally it is 8.1 percent.

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