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Seriously underwater homes down 1.2 million from a year ago
2017 May 4, 5:14am 1,990 views 1 comment
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Strategist
2018 Jun 2, 7:15pm
Strategist
2018 Jun 2, 7:15pm
Feux Follets says
Home prices in the boonies and small towns have not recovered. I see that in the Palm Springs and Desert Hot Springs areas of So Cal.
It's another reason why I think we are not even close to a bubble. In the housing bubble of 2004 to 2008 all these areas were skyrocketing in price. Now it's just the most desirable locations.
Still, despite the progress made as the negative equity rate falls, 4.4 million homeowners remain underwater, and about 713,000 of them owe at least twice as much as their homes' value.
Home prices in the boonies and small towns have not recovered. I see that in the Palm Springs and Desert Hot Springs areas of So Cal.
It's another reason why I think we are not even close to a bubble. In the housing bubble of 2004 to 2008 all these areas were skyrocketing in price. Now it's just the most desirable locations.
http://www.centralvalleybusinesstimes.com/stories/001/?ID=32569