Julián Castro sworn in, spends first day as HUD Secretary

Julián Castro sworn in, spends first day as HUD Secretary

Former San Antonio mayor takes over for Shaun Donovan

Blackstone adviser: Investors worried about ‘serious correction’

Byron Wien still holds his line

It’s official: Zillow will own Trulia

"Better agents make for better advertisers"
W S
Servicing / The Ticker

Midwest homeowners struggle to regain home equity

Over 30% of homeowners in Ohio, Michigan, Illinois are underwater

underwater homeowner
/ Print / Reprints /
| Share More
/ Text Size+

While other states start to recover, homeowners in Ohio and other Midwestern states are struggling to regain equity in their houses, with more than 30% of mortgaged homeowners in Ohio, Michigan and Illinois owing considerably more than their homes are worth. Per The Columbus Dispatch:

In Ohio, 31% of homeowners with loans owe at least 125% more than their estimated home value, RealtyTrac said. In central Ohio, the figure is 27 percent.

In all, RealtyTrac estimates that 10.7 million homeowners, or 23% of those with mortgages, are “deeply underwater,” down from 11.3 million in May and 12.5 million last September.

Read full story

Recent Articles by HousingWire Staff

Comments powered by Disqus