Housing Recovery

In: Housing Source: Economist US Economy

17 Dec 2013

Home equity vs mortgage debt is about to flip back to the good side.

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Of course, this is on a net basis, so a lot of people are still underwater – 6.3 million according to one estimate (13% of mortgages).

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This map is missing a proper label for the legend (sigh) but it is apparently “concentration of underwater mortgages”.

Zillow has a similar interactive analysis that let’s you zoom in, if you want to see how your region is doing:

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1 Response to Housing Recovery

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bill luecke

December 19th, 2013 at 5:04 pm

The underwater mortgage map, which I really wanted to like, has some other problems. For instance, quite a few counties in Wisconsin extend completely across Lake Michigan into Michigan. And what’s with those weird counties that stick up out of NY into Lake Ontario? I suppose that the county boundaries might extend to the middle of the lake…

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