May 9, 2024, 5:10 PM
May 9, 2024, 4:01 AM
Share of 'Seriously Underwater' Mortgaged Homes Rises Across the US
- The share of U.S. mortgaged homes with outstanding balance at least 25% more than they are worth rose slightly last quarter.
- Roughly one in 37 homes are now considered seriously underwater in the US.
- The trend is more prominent in southern states.
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