RealtyTrac today released its Year-End 2015 U.S. Home Equity & Underwater Report. The report found that at the end of 2015, seriously underwater properties were down 481,292 from 6.9 million in the third quarter and 616,189 from 7.1 million from a year prior.
- Closing out 2015, 6.4 million (6,436,381) U.S. homes were seriously underwater– about 25 percent were underwater– representing 11.5 percent of all homeowners with a mortgage
- There were 12.6 million (12,621,274) U.S. homes that were equity rich, or at least 50 percent equity. This represents 22.5 percent of all homeowners with a mortgage.
- At of the end of 2015, 49.7 percent of all homes in foreclosure had some equity, marking the highest percentage since Q3 2013– when RealtyTrac began tracking.
- This is up from 43.3 percent of all homes in foreclosure with equity at the end of the third quarter of 2015.
- At the end of 2014, 34.6 percent of all homes were equity rich.
In Washington-Arlington-Alexandria, 9.1 percent of foreclosed homes are seriously underwater, which is about 129,831. RealtyTrac reported 273,272 homes that are equity rich in the DC metro, or 19.2 percent.
In the District of Columbia, RealtyTrac reported of the 298,327 properties, about 9 percent are seriously underwater.
