Negative Equity in Underwater Homes

by  Alex Tabarrok in

Calculated Risk gathers the data on underwater homes:

  • There are 14.75 million underwater homes and 4.1 million of these have more than 50% negative equity (the homeowners owe 50%+ more than their homes are worth).
  • The total negative equity is $771 billion.

I decided to create a picture:Wavedata  

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