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    You are at:Home»Data»Seriously Underwater Homes Level Off

    Seriously Underwater Homes Level Off

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    By Brad Beckett on September 7, 2017 Data

    In their latest U.S. Home Equity & Underwater Report, ATTOM Data Solutions (parent company of RealtyTrac) reports that the number of equity-rich homes has been steadily increasing while the number of seriously delinquent homes has leveled off.   There are 14 million equity rich U.S. properties representing 24.6% of all U.S. properties with a mortgage.  That number is up from 24.3% in the previous quarter and up from 22.1 percent in Q2 2016.  There are 5.4 million seriously underwater properties representing 9.5% of all properties with a mortgage.  That number is down from 9.7% in the previous quarter and down from 11.9% in Q2 2016.

    Interestingly, 11.7% of properties owned between 10 and 15 years were seriously underwater- which is the highest share of any five-year period up to 20 years.  In addition, the report says 7.2% of properties owned more than 20 years were seriously underwater and 19.2% of non-owner occupied (investment) properties with a mortgage were underwater as of the end of Q2 2017 compared to only 6.8% of owner-occupied properties.

    Click here to read the full report on ATTOMdata.com.

     

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    Brad Beckett
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