Nevada leads the nation as the state with highest percentage of underwater properties, according the most recent CoreLogic report. See CoreLogic Reports Negative Equity Increase in Q4 2011
The top-five states with the highest percentage of mortgaged properties with negative equity…
- Nevada 61%
- Arizona 48%
- Florida 44%
- Michigan 35%
- Georgia 33%
The report says about 400,000 additional homes across the country fell into the “negative equity” category during the 4th quarter of 2011.
In a related piece yesterday, the RGJ reported that locally, in Reno-Sparks, 622 additional properties slid into negative equity territory; see Homes in negative equity rise in 4Q 2011
