Sep 3 2010

Submarine housing markets – Negative equity map and the 7 metro areas where mortgage balances outweigh the entire stock of housing. Examining underwater housing across the U.S.

Negative equity at such a large scale is a rather unique phenomenon from this housing bubble.  Even just a decade ago, a person got into a negative equity position due to a really significant shift in a localized market.  For example, a city lost a major manufacturing company that supported most jobs and home values […]

Nov 24 2009

13 Million Negative Equity Homeowners and Negative Equity FDIC: The Shackles of Debt Leverage on the American Economy. FDIC $8.2 Billion in the red with 552 Troubled Banks on the Revised List.

The third quarter was devastating for banks and homeowners.  To show the growing divide between Wall Street and the American economy, the FDIC just released its third quarter banking profile.  The FDIC fund is not only broke, it is now in the red to the sum of $8.2 billion.  We’ve been warning that the fund […]

Jul 19 2009

Negative Equity Nation for 1 out of 5 Homeowners: The Psychology of the 10 Million American Homeowners with Zero Equity.

Recent data suggests that the number one factor for walking away from a home is negative equity.  For us to understand this dynamic, it is important to understand why someone would leave a home with a mortgage.  According to the U.S. Census Bureau some 51.6 million owner occupied homes have a mortgage.  This is data […]

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