Login | Sign Up















https://myersandmyersrealestate.com

Myers & Myers Real Estate

(505) 401-7500
myersandmyersrealestate@gmail.com
  • Menu
  • Sellers
    • FAQs Home Sellers
  • Buyers
    • FAQs Home Buyers
    • Advanced Property Search
    • Albuquerque First Time Home Buyers $500 DP
    • Join Deal Alert
    • Interactive Map Search
  • Albuquerque
    • New Listings In Albuquerque
    • Albuquerque Foreclosures
    • Albuquerque Open Houses
    • Ventana Ranch Homes For Sale
  • Rio Rancho
    • New Listings In Rio Rancho NM
    • Rio Rancho Foreclosures
    • Rio Rancho Open Houses
    • Cabezon Homes For Sale
    • Loma Colorado Homes for Sale
  • Corrales
    • Corrales Open Houses
  • Valencia County
    • Los Lunas NM Real Estate
    • Bosque Farms NM Real Estate
    • Homes For Sale in Jubilee
    • Homes For Sale In Belen NM
  • East Mountains
    • Tijeras NM Homes For Sale
    • Sandia Park NM Homes For Sale
    • Paa-ko Ridge Golf Club Homes
    • Edgewood NM Homes For Sale
  • Home Search
  • Contact

Home » Home Owners Under Water On Their Mortgage Declines

Home Owners Under Water On Their Mortgage Declines

Home Owners Under Water On Their Mortgage Declines

More Good News For Home Owners Under Water On Their Mortgage

Home prices have been on the  rise across the United States and New Mexico is no exception.  Core Logic’s Equity report was released today and there is good news in the report.  The second quarter report for 2013 states that across the United States, home price appreciation helped 2.5 million home owners return to positive equity.  Although 7.1 million home owners or 14.5% in the United States remain under water.  Both of these numbers are good news and compare favorability over the first quarter 2013 report.  According to Core Logic, 9.6 million home owners or 19.7% were under water.

Good News For New Mexico Home Owners Under Water On Their Mortgage

So what does all this mean for New Mexico home owners?  New Mexico also saw improvements in the second quarter according to Core Logic.  There were 11.9% of New Mexico home owners with negative equity in their home at the end of the second quarter 2013.  This is a nice improvement over the first quarter of 2013 when 13.3% of home owners had negative equity in their homes.  Albuquerque home prices have seen approximately 10% in July 2013 compared to July 2012.

Best and Worst States

You might be wondering which states are doing the best and which states are the worst.  The top five states where mortgaged properties have negative home equity (lower numbers are better) are Nevada (36.4%), Florida (31.5%), Arizona (31.5%), Michigan (22.5%) and Georgia (20.7).  The five best states where mortgaged properties have positive equity (higher numbers are better) are Montana (96.2%), Alaska (96.1%), Wyoming (95.8%), Texas (95.7%), and North Dakota (95.5%).

This post was prepared on September 10, 2013.  All data quoted is from the Core Logic second quarter equity report or the Greater Albuquerque Association of Realtors July Market Statistics Report.

 

 

 

Facebooktwitterredditpinterestlinkedintumblrmail
Facebooklinkedinyoutubemail

Posted in: Blog

Sign up for New Home Alerts Now!

RegisterLogin















Post navigation

« Rio Rancho Housing Market Lagging Prices Down
Average Albuquerque Home Prices Up 14.13% »

Myers & Myers Real Estate, Inc.

John Myers
Qualifying Broker
License #19085

(505) 401-7500
(505) 401-7500
myersandmyersrealestate@gmail.com
Follow

Facebooklinkedinyoutubemail

Albuquerque Real Estate Agents

  • John Myers QB
Share

Facebooktwitterredditpinterestlinkedintumblrmail

Albuquerque Real Estate

  • Albuquerque Real Estate Blog
  • Sitemap
  • Privacy Policy
© 2021 · Myers & Myers Real Estate, Inc. · 505-401-7500 · Sitemap · IDX Sitemap · IDX XML Sitemap · Albuquerque NM Homes for Sale
Disclaimer - All Rights Reserved by Myers & Myers Real Estate, Inc.
NM Real Estate Commission Rules

Licensed in New Mexico | Albuquerque NM Homes & Real Estate