Source: U.S. Census Bureau
1966 1976 1986 1996 2006 2016
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The share of homes in a negative-equity position,
or underwater, as a percentage of all homes with a
mortgage has fallen dramatically over the past two
years as home prices have risen. At the end of 2016,
an estimated 3.2 million homes were underwater,
down 25 percent year over year, CoreLogic reported.
Chair, Federal Reserve System
“The simple message is the economy
is doing well.”
Vice president of industry analysis, Mortgage Bankers Association
“Rapid increases in interest rates
in the last two months of 2016
slowed mortgage activity in the
fourth quarter, driving a significant
decrease in loan-production profits.”
falls to a 50-year low
The U.S. homeownership rate continued
to decline in 2016 and ended the year
at a 50-year low. Over the past decade,
the rate has fallen 5 percentage points,
according to the U.S. Census Bureau.
Percentage of U.S. Homes
With Negative Equity
Homeownership Rates by Decade