According to Zillow, the U.S. rate of negative equity in the third quarter of 2015 dropped a full percentage from 14.4 percent to 13.4 percent. More than 6.5 million Americans, or more than 30 percent, are underwater on their mortgages.
Negative equity is down from 16.9 percent last year. Areas with high percentages of negative equity affects the entire community. In Washington, D.C. the rate of negative equity is 16 percent. Homes are on the market for an average 68 days. See how the rest of the nation looks like.
You have {{data.cm.viewsLeft}} articles left this month.
This content is available to Inman Select subscribers.
Please select an option below.
Please register to access this content.
To continue viewing the content you love, please sign in or create a new account
You have used all of your free pageviews.
Please subscribe to access more content.
Access denied!