Negative Equity Report
The Negative Equity report is a quarterly report that highlights state-by-state estimates for U.S. single-family residential properties. Negative equity, often referred to as “underwater” or “upside down,” means that borrowers owe more on their mortgage than their homes are worth. Negative equity can occur because of a decline in value, an increase in mortgage debt or a combination of both.
Learn More about current Negative Equity Conditions:
Mark Fleming provides a better sense of negative equity conditions in the U.S. housing market in his interview with the Federal Reserve Bank of Atlanta titled Is It Worth It? A Closer Look at Borrowers' Negative Equity Positions. Fleming expands on remarks he gave at the December 2011 Atlanta Fed conference Exploring Impediments to a Real Estate Recovery: A Policy Discussion.
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