Negative Equity Homes in U.S. on the Rise in 2019

ATTOM | May 09, 2019

Negative Equity Homes in U.S. on the Rise in 2019
Based on ATTOM Data Solutions' Q1 2019 U.S. Home Equity & Underwater Report, at the end of the first quarter of 2019, more than 5.2 million (5,223,524) U.S. properties were seriously underwater (where the combined balance of loans secured by the property was at least 25 percent higher than the property's estimated market value), up by more than 17,000 properties from a year ago. The 5.2 million seriously underwater properties at the end of Q1 2019 represented 9.1 percent of all U.S. properties with a mortgage, up from 8.8 percent in the previous quarter but down from 9.5 percent in Q1 2018.

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This paper represents the culmination of the research completed during the first two years of the Los Angeles Permanent Supportive Housing (PSH) Preservation Initiative, a collaboration led by Enterprise’s Southern California office in partnership with the LISC/National Equity Fund (NEF) Los Angeles. The lead author is Marc Tousignant, senior program director, Southern California, Enterprise Community Partners.

Spotlight

This paper represents the culmination of the research completed during the first two years of the Los Angeles Permanent Supportive Housing (PSH) Preservation Initiative, a collaboration led by Enterprise’s Southern California office in partnership with the LISC/National Equity Fund (NEF) Los Angeles. The lead author is Marc Tousignant, senior program director, Southern California, Enterprise Community Partners.

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