Utah Well Below National Rate for Negative Equity
Wednesday, December 2nd, 2009
In Utah, fewer homeowners are underwater when it comes to the value of their homes, according to a new report by American First CoreLogic. At the end of this year’s third quarter, 18 percent of Utah residential properties (40,801) with a mortgage were in negative equity — meaning borrowers owed more on their mortgage than their home was worth. (more…)
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