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| 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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