underwater mortgages Archives - munKNEE.com
Wednesday , 28 October 2020

Tag Archives: underwater mortgages

3.1 Million Homes Owe More On Their Mortgage Than Their Home Is Worth

The number of homes with negative equity in the U.S. is still high, but the numbers are improving. At the end of the first quarter in 2017, 3.1 million homes owed more on their mortgage than the home was worth. This number improved from the previous quarter, with 91,000 homes regaining equity. The total number of mortgages underwater in the U.S. still stands at 6.1%.

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Forecast for House Prices is Horrific! Here's Why

As bad as the housing crisis has been over the past three years, it has only been a warm up to what we have headed our way... [In fact,] the forecast is horrific, to say the least!28% of US homeowners already owe more on their mortgage than their home is worth [and]... 27% of American homeowners are considering walking away from their mortgage...This is going to significantly drive home prices further down. [Let's look at the details.] Words: 657

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Ever Increasing Foreclosures Mean Low House Prices for Many More Years

Anyone who sees a rising pool of millions of delinquent mortgages as the foundation of a recovery in housing valuations isn't considering the feedback loop which is now firmly in place. The foreclosure pipeline will be full for years to come precluding any "recovery" in housing valuations as supply will swamp demand. Words: 385

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