Monday, November 19, 2012

Underwater Homes Decrease in California.


The number of negative equity homes in California decreased in the second quarter (2Q) 2012 to 1,972,012. This is a 4.8% drop from the prior quarter (2,072,025), and a 10% drop from one year earlier (2,192,008).
29% of mortgaged homes in California had negative equity in 2Q 2012. This is down from 32% one year earlier.

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