Saturday, August 13, 2016

Attom Data Solutions Reports 6.7 Million Seriously Underwater Properties in Q2 2016 Down 776,000 From a Year Ago and Down 6.1 Million From Q2 2012 Peak

Daren Blomquist
IRVINE, CA — ATTOM Data Solutions, the nation’s leading source for comprehensive housing data and the new parent company of RealtyTrac, released its Q2 2016 U.S. Home Equity and Underwater Report, which shows 6,666,622 seriously underwater properties representing 11.9 percent of all U.S. properties with a mortgage as of the end of the second quarter 2016 — down from 12.0 percent in the previous quarter and down from 13.3 percent in Q2 2015.

For the report, ATTOM analyzed recorded mortgage and deed of trust data from more than 1,400 U.S. counties accounting for 88 percent of the U.S. population along with automated valuation models (AVMs) for more than 56 million properties with mortgages in those counties (see full methodology below).

“Rising home prices are lifting all home equity boats: bailing out seriously underwater homeowners and enriching homeowners who already have positive equity,” said Daren Blomquist, senior vice president at ATTOM Data Solutions (the new parent company of RealtyTrac).

“Nationwide home prices reached a new all-time high in June on the heels of 52 consecutive months of annual increases. While that national trend is consistent in most markets across the country, there are still some local markets and sub-markets that have been largely left behind by the housing recovery and which still have a high percentage of underwater homeowners.”

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

Jennifer von Pohlmann
949.502.8300, ext. 139

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