Top 10 Cities With Most Underwater Homes in America

By
Real Estate Agent with Roudebush Realty,Inc.

Top 10 Cities With Most Underwater Homes in America

 

  1. Las Vegas, Nevada          80.2%
  2. Phoenix, Arizona              68.4%
  3. Reno, Nevada                 64.4%
  4. Orlando, Florida               64.2%
  5. Stockton, California         57.5%
  6. El Centro, California         55.0%
  7. Modesto, California          53.9%
  8. Lakeland, Florida             53.7%
  9. Port St. Lucie Florida       52.0%
  10. Fort Myers, Florida          51.6%

The list was compiled by Business Insider with data by Zillow

 

The market is a great buying time and money is being offered at low rates.

Comments (4)

Shannon Coe
exp realty of California, Inc. - Oceanside, CA
760-586-5268, San Diego Realtor

Good/ Bad info :) I hope we can help our clients!

I am close to two of the Top 10. Stockton and Modesto!

If you have any referrals for Northern California Short Sales,

I am here to help!

Shannon Coe Realtor #01489731

WR Properties Brentwood CA

http://www.ShannonCoe.com

Nov 14, 2010 02:35 AM
Ben Benita
Ben Benita - Gainesville, VA
Speaker, Author, Game Changer, Coach

interesting stuff.....and SCARY...I run a nationwide short sale negotaitions company and as you noted good/bad, business is growing at a crazy pace.....

Nov 14, 2010 02:42 AM
Mary Jo Quay
EXP Realty - Minneapolis, MN
I Move You Home

A surprising statistic that rarely appears is that over 30% of all homes in the US are free and clear.  The 10 cities you pointed out are divided between four states, all Sun Belt states.   I would guess that many of them were subject to investor speculation. 

In our new economy, thrift is no longer a dirty word.

Nov 14, 2010 03:13 AM
Ridhi Raheja
Movement Mortgage (Illinois) - Naperville, IL
FHA, 203k, VA, Jumbo, PreApproval, Jumbo Home Loan

beth, good to know , nothing in Illinois. I liked the tag line of yours , getting the deal donw. That is my motto too.

Aug 04, 2011 03:18 PM