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Our top 10 includes seven Golden State cities such as Riverside, Yuba City, Merced, San Diego, Stockton and Vallejo. In these cities, underwater mortgages–one on which more is owed than the home.
The number of "seriously underwater" homes in the marketplace has faded to the lowest level in at least two years, according to a new report by RealtyTrac. But in these 10 states, underwater homes.
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According to information recently released by ATTOM Data Solutions – a company that gathers, analyzes, and organizes real estate market information and data for businesses and homeowners to use for various reasons – almost 10% of all homes in the United States with a mortgage were "seriously underwater" at the end of the 2017 first-quarter.
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In a few states, less than 20% of residents 18 to 34 live with their parents. In others, more than 40% of the same age group have remained at home. 24/7 Wall St. reviewed data from the Census Bureau’s.
Case in point, a recent report from Zillow, the real estate website, shows the share of homeowners across the country who are underwater on.
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That’s a staggering 6.7 million properties. "Seriously underwater" means the homeowner has a loan-to-value, or LTV, ratio of 125% or above. In other words, they owe at least 25% more than.
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The housing research group defines "seriously underwater" as owing more than 25 percent than the home is worth. More than 1 in 6 homeowners with mortgages were seriously underwater in the.