Highest percentage of homeowners with negative equity in the US

Highest percentage of homeowners with negative equity in the US
Wicklund Village, California (CA), US
95391 ZIP code popped up as No. 1 on a list of U.S. ZIP codes with the highest percentage of homeowners with negative equity. Nearly 90 percent are "under water," with homeowners owing far more on their homes than they are now worth.

The report, released Monday by the real estate data company First American CoreLogic, shows Mountain House is the most underwater spot in the nation.

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A representative example is one home owner who paid $800,000 for her family's house in 2006. As of July, their home was worth $359,000.
95391 ZIP code popped up as No. 1 on a list of U.S. ZIP codes with the highest percentage of homeowners with negative equity. Nearly 90 percent are "under water," with homeowners owing far more on their homes than they are now worth.

The report, released Monday by the real estate data company First American CoreLogic, shows Mountain House is the most underwater spot in the nation.

A representative example is one home owner who paid $800,000 for her family's house in 2006. As of July, their home was worth $359,000.
View in Google Earth Cities, In The News
Links: www.eastbaytimes.com
By: kjfitz

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kjfitz
@ 2008-11-19 10:51:04
Go to GM and flip on the SV. Much of the neighborhood that wasn't even built when the aerial images were taken now have SV imagery. That's fast growth.

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