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Nevada has the most underwater homeowners

Although most real estate markets have rebounded from their recession lows, this. In Nevada, 30 percent of Las Vegas housing units with mortgages are. In Las Vegas, 60 percent of all seriously underwater homes are also. Rising house prices have been a boon to all homeowners. area has fallen to return to more normal levels.

based real estate data tracker attom data Solutions. Nevada has the most seriously underwater homeowners at 19.5 percent. The Dayton metro area fared worse than the state. A total of 20 percent of.

The bad news is that because of the damage inflicted by the recession on the Southern Nevada residential real estate market, the percentage of underwater homeowners is sky high compared to the rest of the nation. CoreLogic, a company in Santa Ana, Calif., that tracks real estate data, released new underwater mortgage statistics Thursday.

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There are some 200,000 or more underwater homeowners in Las Vegas. and South (down 5.4 points). Home improvement will bounce back the most this year since 2006, said Kermit Baker, senior fellow at.

At the state level, Nevada had the highest percentage of negative equity — 66.9 percent of homeowners with mortgages were underwater — followed by Arizona (52.3 percent), Georgia (46.8 percent.

Bank of America has entered. be doing enough. As home values have plummeted – more than 50 percent in some of the most bubble-impacted states – homeowners have lost the ability to refinance because.

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Most Underwater Homeowners Still Paying Mortgages. On a state level, Nevada has the highest percentage of homeowners with negative equity, with 67 percent underwater, Zillow found. Arizona (with 52 percent), georgia (47 percent), Florida (46 percent) and Michigan (42 percent) also have high percentages of underwater homeowners.

The national underwater homeownership rate is 4.9%. In New York City, 87,000 borrowers, or 5.4% of the market, ended the year with negative equity, while only 26,800 did so in Los Angeles. The states with the highest shares of upside down mortgages were Louisiana, Illinois, Florida, Connecticut, Nevada and Rhode Island.

Nearly one in four Marylanders with a mortgage owed more on those loans than their homes were worth this spring, worse than all but six other states — and a large number of homeowners who can’t.

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