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Underwater Homeowners

The number of homeowners who are underwater on their mortgage – where the combined loan amount secured by the property is at least 25 percent higher than the property's estimated market value – has fallen to its lowest level since RealtyTrac began reporting negative equity during the first quarter of 2012. The numbers, released as part of RealtyTrac's U.S. Home Equity & Underwater Report for the third quarter of 2014, found that just 15 percent of all properties with a mortgage were seriously underwater. That's an improvement from 23 percent at this time last year and 29 percent at its peak during the second quarter of 2012. Daren Blomquist, vice president at RealtyTrac, said the decrease in underwater properties is promising but the flood waters are not receding as quickly as they were before, due to slower home price appreciation. In other words, the faster home prices rise, the quicker underwater homeowners return to positive equity. Still, the improvement has nearly cut the number of seriously underwater borrowers in half since its 2012 peak and is a good sign for the housing market's future health.

Real Estate Minute by Tim Stoll - Urban Dallas Real Estate Expert

Tim Stoll - Urban Dallas Real Estate Pro

Top local Realtor Tim Stoll offering full service real estate brokerage for all your residential housing needs. Specializing in the neighborhoods of Oak Lawn, Uptown, M Streets and Lakewood. Years of Experience, proven Trust and unmatched Results. Real Estate Services Offered: * Home Buyer Representation * Home Seller Representation * First Time Home Buyer Assistance * Apartment Locating Moving to Dallas and don't know where to start? Speak with a local expert and area resource, Tim Stoll. Contact today 214-868-2959 - Contact Tim at  
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