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Victor Whitman is chief reporter at Scotsman Guide Media.
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The number of seriously underwater properties ticked
up in this past first quarter to more than 7. 34 million
after three years of dropping consistently, according
to Realty Trac. Although the number increased slightly
quarter over quarter, it still remained about 4 percent
down year over year.
Chief economist, National Association of Realtors
Chief economist, National Association of Home Builders
“New-home sales should be rising
given the strong demand for
homebuying. The home builders
are just not building enough.”
“The meager rise in single-family
starts and permits reflects
builders’ caution as the recovery
continues to move in a positive
but relatively slow forward
on the rise
Source: National Association of Realtors
Existing-home sales increased 6.1 percent this
past March to a seasonally adjusted annual rate
of 5. 19 million, a sign that the housing market
was getting off to a good start this past spring.
Here is a breakdown of the percentage of sales
by price categories.
0% 10% 20% 30% 40%
of all loans seriously underwater
% of all foreclosed loans seriously underwater
Source: Realty Trac