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How long can you breathe underwater?

August 27, 2010

Inman News

Top 10 states with highest share of negative equity mortgages

1. Nevada (68 percent of 592,000 mortgages)
2. Arizona (50 percent of 1.3 million mortgages)
3. Florida (46 percent of 4.5 million mortgages)
4. Michigan (38 percent of 1.4 million mortgages)
5. California (33 percent of 6.9 million mortgages)
6. Georgia (28 percent of 1.6 million mortgages)
7. Idaho (24 percent of 243,000 mortgages)
8. Virginia (23 percent of 1.2 million mortgages)
9. Maryland (22 percent of 1.4 million mortgages)
10. Utah (20 percent of 470,000 mortgages)

Comments

2 Responses to “How long can you breathe underwater?”

  1. Langley Real Estate on August 31st, 2010 2:54 am

    Those are scary stats. 68% is unreal!

  2. James Foxx on August 31st, 2010 4:37 pm

    ‘Scary’ is definitely the word to describe the Las Vegas market. Those top ‘Big 3″ states will take a long time to correct. Idaho and Utah are fast risers too, they’ve only recently experienced a big surge in foreclosures, but more are sure to come.

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