US sees uptick of homes ‘seriously underwater’
Around 1 in 37 have loan balances at least 25% more than their value.
Roughly one in 37 homes are now considered seriously underwater in the US and that share is much higher across a swath of southern states, according to data out Thursday.
Nationally, 2.7% of homes carried loan balances at least 25% more than their market value in the first few months of the year.
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