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Sign into your accountReal Estate Market Analysis: Negative Equity - Insights into the Future
May 23 2011
There are many opinions on where the market is going in real estate. With so many moving parts, there is no opinion that is so solid that you’d bet your business. However, there are facts, and CoreLogic recently published some data points that are important.
CoreLogic announced that 23.1% of mortgages are in negative equity. That means that according to our data, 23.1% of mortgage loan balances are greater than the associated property values. According to the release, 23.1% of mortgages equates to 11.1 million residential properties. This data moves every month, and does not include commercial properties. An additional 2.4 million homes are within 5% of the equity balance.