St Louis Underwater Homeowners Falls To Lowest Percentage In Over 6 Years

During the fourth quarter of 2019, 10.2% of the homeowners in St Louis with a mortgage, were underwater on their mortgage, meaning they were in a negative-equity position, according to data just released by ATTOM Data Research.  As the table below shows, this is the lowest level of St Louis homeowners that are seriously underwater since 2013 when this data was first tracked.  This continues the trend that began in the price quarter with the then lowest rate at 10.5%.

St Louis Underwater (Negative-Equity) Homeowners

(Click on table for live, complete data from 2013-Present)
St Louis Underwater (Negative-Equity) Homeowners

Underwater Homeowners In St Louis Drops To Lowest Rate In Two Years

During the fourth quarter of 2018, 14.2% of the homeowners in St Louis with a mortgage, were underwater on their mortgage, meaning they were in a negative-equity postion, according to data just released by ATTOM Data Research.  As the table below shows, this is the lowest rate since the 4th quarter of 2017 when the St Louis undertwater homeowner rate was at 13.8%.  On a national level, just 8.8% of homeowners with a mortgage are underwater which puts the St Louis rate at 161.5% of the US rate.

St Louis Underwater (Negative-Equity) Homeowners – 2013-2018

St Louis Underwater (Negative-Equity) Homeowners - 2013-2018

Number of St Louis Homeowners with Negative Equity on the Decline;  Short sale help for Sellers and Buyers

dennis-norman-st-louis-realtor-Here’s some good news to end our week with:  In St. Louis the number of homeowners that are underwater on their mortgage (owe more than their home is worth), otherwise known as being in a “negative equity” position, dropped to 90,196 homeowners, or 16.1 percent of all St. Louis homeowners with a mortgage, in the first quarter of this year, down from 101,829 St Louis homeowners, or 18.1 percent during the prior quarter, according to a report just released by Corelogic. Continue reading “Number of St Louis Homeowners with Negative Equity on the Decline;  Short sale help for Sellers and Buyers