{"id":13145,"date":"2018-03-20T13:27:02","date_gmt":"2018-03-20T13:27:02","guid":{"rendered":"http:\/\/www.anthonydidonato.net\/wordpress\/?p=13145"},"modified":"2018-03-20T13:27:02","modified_gmt":"2018-03-20T13:27:02","slug":"cities-where-owners-are-still-underwater","status":"publish","type":"post","link":"https:\/\/www.anthonydidonato.net\/wordpress\/cities-where-owners-are-still-underwater\/","title":{"rendered":"Cities Where Owners Are Still Underwater"},"content":{"rendered":"

Cities Where Owners Are Still Underwater<\/h1>\n
\"Cities<\/a>

Cities Where Owners Are Still Underwater<\/p><\/div>\n

Though homeowners are gaining equity<\/a> across the country, the number of underwater borrowers in some areas remains high. The metro with the highest share of homeowners with negative equity is Miami-Miami Beach-Kendall, Fla., where the number of those in the red has grown 13.1 percent year over year, according to a new report from CoreLogic.<\/p>\n

Nationwide, the number of homes with a mortgage in negative equity\u2014which can occur due to a decrease in a home\u2019s value or an increase in the homeowners\u2019 mortgage debt\u2014dropped 1 percent between the third and fourth quarters of 2017. About 2.5 million homes, or 4.9 percent of all properties with a mortgage, were still in a negative equity position as of the fourth quarter, according to CoreLogic. Overall, negative equity in the fourth quarter plunged 21 percent year over year.<\/p>\n

In the fourth quarter of 2009, negative equity peaked at 26 percent of all residential properties with a mortgage, according to CoreLogic\u2019s records. The following metros had the highest share of negative equity in the fourth quarter of 2017:<\/p>\n