With U.S. home values off 35% from peak to trough, about 25% of those homeowners who have mortgages are now underwater — their mortgages are greater than the value of their homes.
Zillow’s interactive map reveals what percentage of homes in your county or ZIP code are in negative equity, based on Q1 2012 data.
The United States of Atlantis
click for full interactive map
This post originally appeared at The Big Picture and is posted with permission.
3 Responses to “Map: Where Are Homes Underwater?”
United States of Atlantis. Kudos for a little humor!
This chart should be renamed the FSD for Future Strategic Defaulters. No end to the FraudClosures for years to come. The Banksters have a great plan to euthanize the mid-class. Right on schedule. United Serfs of America. Feudalism makes it comeback, how brief was the time of a Republic. And the Sheeple stare at American Idol without a care.
If the mortgage has become so considerably higher than those of the home owner's capacity to pa, then we can equate it to a technical lost. Most would rather default by intention.