Saturday, October 24, 2015

RealtyTrac Reports Number of Seriously Under Water Properties Drops by 525,000 in Third Quarter 2015

IRVINE, CA — RealtyTrac® (, the nation’s leading source for comprehensive housing data, released its Q3 2015 U.S. Home Equity & Underwater Report. Highlights of the report show:

·         There were 6.9 million seriously underwater (at least 25 percent underwater) U.S. residential properties at the end of Q3 2015, down more than half a million from the previous quarter and down more than 1.2 million compared to a year ago.

o   A surge in home sales volume and prices in the second and third quarters account for the dramatic drop in seriously underwater homeowners.

·         There were 10.5 million equity rich (at least 50 percent equity) U.S. residential properties at the end of the third quarter, down nearly a half million from the second quarter.

o   Indicates more homeowners with equity are leveraging that equity with a refinance, a move-up sale and purchase or by cashing out of the housing market completely.

·         Only one in three properties in foreclosure was seriously underwater, the lowest level since RealtyTrac began tracking in the Q1 2012 and down from a peak of 62 percent underwater in the second quarter of 2012.

For a complete copy of the company’s news release, please contact:

Ginny Walker
949.502.8300, ext. 268

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