The total number of underwater homes rose 1.6% quarter-over-quarter to 2.2 million, a 4.2% share of all homes with a mortgage. At the end of the third quarter, 10.7 million homeowners owed more on their mortgages than their home is worth, according to new data from CoreLogic.
According to a report released by CoreLogic, there were 11.2 million homeowners that were in a negative equity, or "underwater", position on their mortgages as of the end of the first quarter of this year.This number is equal to 24 percent of all homeowners with a mortgage in the U.S., which is the same percentage as the prior quarter, however the actual number of underwater borrowers was.
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CoreLogic released its annual corelogic home price index (hpi) and. The price of an average home grew 7.1% in May and could rise another 5.1%. we found four times as many renters looking to buy than homeowners willing to sell.. home values are up – despite millions of Americans underwater.