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Nov 27, 2011

11 Million Homes 'Under Water'

This nice graph from Credit Sesame shows the percent of homes per state for which the value of the home is lower than the mortgage being taken on it. Since house prices started to fall many households came into problems because selling their house would mean going broke. This is called a negative equity.

Click on the graph for an interactive version.

Find out how many homes are underwater in your state.
Credit Sesame
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3 comments:

  1. It's sad that companies, for the sake of profit, just build houses basically everywhere. Urban planning is essential before any major construction.

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  2. I agree, information like these should be studied by whomever is responsible before project deployment. It's not like we don't have the tools to figure this out.

    ReplyDelete

  3. I am sufficed finally to read this post as I found that still there are some writers who want to bring the valuable posts over the web. I am here to keep encouraging you keep these posts coming

    ReplyDelete

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