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re: ‘Seriously Underwater’ Home Mortgages Tick Up Across the US
Posted on 5/9/24 at 9:55 am to Areddishfish
Posted on 5/9/24 at 9:55 am to Areddishfish
quote:
While the share of these homes is ticking up, it remains much lower than before the pandemic, when the rate was more than twice as high.
Woah
2
Posted on 5/9/24 at 10:11 am to JohnnyKilroy
quote:
While the share of these homes is ticking up, it remains much lower than before the pandemic, when the rate was more than twice as high.
2020 bailed a lot of people out it seems
here is the report from 2019
quote:
Highest seriously underwater share in Louisiana, Mississippi, Arkansas, West Virginia
States with the highest share of seriously underwater properties were Louisiana (20.7 percent); Mississippi (17.1 percent); Arkansas (16.3 percent); West Virginia (16.2 percent); and Illinois (16.2 percent).
Among 99 metropolitan statistical areas analyzed in the report, those with the highest share of seriously underwater properties were Baton Rouge, Louisiana (21.3 percent); Scranton, Pennsylvania (20.0 percent); Youngstown, Ohio (19.2 percent); Toledo, Ohio (19.2 percent); and New Orleans, Louisiana (17.8 percent).
LINK /
Posted on 5/9/24 at 10:22 am to JohnnyKilroy
quote:
While the share of these homes is ticking up, it remains much lower than before the pandemic, when the rate was more than twice as high.
Woah
The problem is how many of these people who got out from under those mortgages are now being overwhelmed by property tax and insurance increases?
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