On November 8, 2018, Attom Data solution reported nationwide there were 8.8% or over 4.9 million properties with negative equity in the 3rd quarter of 2018. While, 25.7% or close to 14.5 million properties had higher than 50.0% equity in the 3rd quarter of 2018.
State of Louisiana had the highest share 21.3% properties, and Baton Rouge, Louisiana metro region had the highest share with 20.7% of properties with negative equity in the 3rd quarter of 2018. while, State of California had the highest share 42.5% equity rich properties, and San Jose, California had the highest share 73.9% equity rich properties in the 3rd quarter of 2018.
Daren Blomquist, vice president at RealtyTrac, stated “West coast markets along with New York have the highest share of equity rich homeowners while markets in the Mississippi Valley and Rust Belt continue to have stubbornly high rates of seriously underwater homeowners when it comes to home equity.”
For complete more detailed information about nationwide residential properties with negative equity at the end of 3rd quarter 2018, please click HERE
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