The five states with the highest percentage of homes with negative equity are Nevada (24.2%), Florida (23.2%), Arizona (18.7%), Illinois (16.2%) and Rhode Island (15.8%). Just the first four of these states account for about 32% of all underwater mortgages.
The five states with the highest percentages of homes with positive equity are Texas (97.4%), Alaska (97.2%), Montana (97.0%), Hawaii (96.3%) and North Dakota (96.2%).
The five metropolitan areas with the highest percentage of properties with negative equity are Tampa-St. Pete-Clearwater, Fla. (24.8%), Phoenix-Mesa-Scottsdale, Ariz. (18.8%), Chicago-Naperville-Arlington Heights, Ill. (18.5%), Riverside-San Bernardino-Ontario, Calif. (14.8%) and Atlanta-Sandy Springs-Roswell, Ga. (14.6%).
The five metro areas with the highest percentage in positive equity are Houston-The Woodlands-Sugar Land, Texas (97.7%), Dallas-Plano-Irving, Texas (97.1%), Anaheim-Santa Ana-Irvine, Calif. (96.4%), Portland-Vancouver-Hillsboro, Ore. (96.4%) and Denver-Aurora-Lakewood, Colo. (96.2%).
Read the entire article by clicking on the following: 4 States Account for Nearly a Third of Underwater Mortgages - Yahoo Finance
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