Underwater St Louis homeowners on the rise

dennis-norman-st-louis-underwater-mortgagesA 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.

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