Thursday, May 24, 2012

Zero is good

Nothing new for us... but check out the latest from Zillow on underwater mortgages in the US by metro area: Despite Home Value Gains, Underwater Homeowners Owe $1.2 Trillion More than Homes’ Worth

I believe it is showing we are by far the lowest incidence of 'underwater' mortages, i.e. those whose home values are less than their mortgage equity. 

But in particular check out where we rank in table 1: Negative Equity Snapshot... and in particular the last column there.  Zero is good!  Most of those numbers are still scary.

They have a neat interactive graphic of the national picture as well


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