Fewer Homes Are Worth Less Than Mortgage

Fewer Homes Are Worth Less Than Mortgage

14 percent of the Orange County homes are worth less than their mortgage. The drop has occurred over the last two years according to CoreLogic. At the end of the third quarter approximatly 1/6 or the homes were upside down.

• 17.6 percent of all homes in Orange County are worth less than the mortgage.
• 122,239 homeowners have 5 percent of less equity highest number of homeowners in 2 years.

It is difficult to know if the ones on the bubble will stay positive or once again more homeowners will fall into the upside down homeowners. We hope that something will stop the slide of home prices and start us on a positive tract.