Negative Equity: State By State

by The KCM Crew on January 6, 2012

InfoGraphic

The above map shows the percentage of homes with a mortgage in each state that are in a ‘negative equity’ situation meaning that the value of the home is less than the mortgage amount. Approximately 30% of the homes in the country don’t have a mortgage on them.

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Bo

Does this mean values have fallen on average this much, that the average homeowner has this much negative equity, that owners who bought in the last X years have seen their market value drop below purchase price this much? No matter where and what, it’s pretty astounding to think that all the people who have owned a home 20 years are also suffering from negative equity like this.

Anonymous

The above map shows the percentage of homes with a mortgage in each state that are in a ‘negative equity’ situation meaning that the value of the home is less than the mortgage amount. Approximately 30% of the homes in the country don’t have a mortgage on them.
Anonymous

The map shows the percentage of homes with a mortgage in each state that are in a ‘negative equity’ situation meaning that the value of the home is less than the mortgage amount. Approximately 30% of the homes in the country don’t have a mortgage on them.

Preddam

Can you reverse this map – and show positive equity by state? 95% of the people out there are okay. Would be extra cool if you could do it by county’s but that seems like it would be tedious from your side.

Anonymous

Great point. Approximately 22% of homes with a mortgage are underwater. However, approximately 30% of all homes do not have a mortgage on them. That means that the actual number in negative equity stands at 16% of all homes. We recently did another infographic on this: http://www.kcmblog.com/2011/09/23/negative-equity-the-percentage-of-all-homes/. We would love to break it down by county but that information is not currently available to us.

http://www.michiganturnkey.com/ Todd Brittingham

This is a very interesting graphic, and I don’t see any surprises but I am wondering what the source of the data is. I think the mortgage data is relatively easy to obtain, but the values on the individual homes is another story. Can you shed some light on the approach towards how each home was determined to be underwater? To me, this is a very important question because without understanding the source of the data, it’s tough to trust it.

Anonymous

The information was taken from CoreLogic’s 3rd Quarter Negative Equity Report. To find their actual methodology you can go to CoreLogic.com.

http://twitter.com/Mauibilly Billy Jalbert

Like both the graphics. It would be interesting to see a side by side comparison for the last 5 years showing the trends…

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Anonymous

You sure can Pat! In fact, we think that’s a fantastic idea!
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