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| Daren Blomquist |
IRVINE, CA — RealtyTrac®
(www.realtytrac.com), the nation’s leading source for comprehensive housing
data, today released its Q2 2015 U.S. Home Equity & Underwater Report,
which shows that as of the end of the second quarter there were 7,443,580 U.S.
residential properties that were seriously underwater — where the combined loan
amount secured by the property is at least 25 percent higher than the
property’s estimated market value — representing 13.3 percent of all properties
with a mortgage.
“Slowing home price appreciation
in 2015 has resulted in the share of seriously underwater properties plateauing
at about 13 percent of all properties with a mortgage,” said Daren Blomquist, vice president at
RealtyTrac.
“However, the share of homeowners with the
double-whammy of seriously underwater properties that are also in foreclosure
is continuing to decrease and is now at the lowest level we’ve seen since we
began tracking that metric in the first quarter of 2012.”
For a complete copy of the company’s news release,
please contact:
Jennifer von Pohlmann
Sr. Data PR Manager
Office: 949.502.8300 ext
139
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