Monday, October 26, 2015

Fewer Homeowners in the Sunshine State are Currently Underwater in 3rd Quarter of 2015

With increasing home values and completed foreclosures, fewer mortgage-holding homeowners across the nation are finding themselves underwater.  A home with a loan-to-value ratio greater than 125% would be considered seriously underwater.
In the third quarter of 2014, 28.1 percent of Florida owners with a mortgage were seriously underwater.  One year later, according to RealtyTrac's Q3 2015 U.S. Home Equity and Underwater Report, that number dropped to 23.2 percent.  
Nationwide, the number of homes with high loan-to-value ratios were at the lowest level since 2012. According to Daren Blomquist, Vice President of RealtyTrac, "After a lull late last year and early this year, home sales volume and average sales prices picked up dramatically again the second and third quarters of this year, resulting in a substantial drop in seriously underwater homeowners." 

The share of U.S. homeowners who are seriously underwater and also going through foreclosure in the third quarter also hit its lowest level since the first quarter of 2012.  That number is presently 33.4 percent.  The time to buy is now and I would be happy to assist you!  Call or visit my website.  Keyvan Kohan (727) 565-1658 or

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