On May 9, 2019, Attom Data solution reported nationwide there were 9.1% or 5.223,524 of all properties with negative equity in the 1st quarter of 2019, gained from 8.8% or 5,001,482 negative properties in the 4th quarter of 2018, but lower from 9.5% or 5,206,446 of all properties with negative equity in the 1st quarter of 2018. While, there were 25.1% or 14.401,555 properties had higher than 50.0% equity in the 1st quarter of 2019 down from 25.6% or 14,,566,363 positive equity properties in the 4th quarter of 2018, and declined from 25.3% of all properties with positive equity in the 1st quarter of 2018.
Todd Teta, chief product officer with ATTOM Data Solutions, stated “However, only one in 11 mortgages are seriously underwater today, compared to nearly one in three during the depths of the recession. Although, if the latest trend continues, it will raise another clear signal of a market slowdown, which will be good for buyers, but not so good for sellers. But if the pattern of the past few years takes hold – with levels of underwater and equity rich mortgages turning around – it will mean the market remains strong for sellers, with fewer needing to get out from under financial distress.”
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