IRVINE, CA — RealtyTrac® (www.realtytrac.com), the nation’s
leading source for comprehensive housing data, released its U.S. Home Equity &
Underwater Report for the first quarter of 2015, which shows that at the end of
the first quarter of 2015 there were 7,341,922 U.S. residential properties
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 13.2 percent of all properties with a mortgage.
The share of seriously underwater homeowners increased 0.4
percentage points from Q4 2014 — the first quarterly increase since the second
quarter of 20120 — but still down more than 4 percentage points from a year
ago.
For a complete copy
of the company’s news release, please contact:
Jennifer von Pohlmann
949.502.8300, ext. 139
Ginny Walker
949.502.8300, ext. 268
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