Fewer underwater mortgages as higher home prices help owners regain equity — South Florida Sun Sentinel

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Home Uncategorized Homeowners continue to regain equity as underwater mortgages decline.. prev shortage of listings pushing home prices higher in South Florida 24 October 2017 Next Jump through hoops with lender to get mortgage relief after Hurricane Irma 24 October 2017.

‘Seriously underwater’ mortgages are on the decline across South Florida as higher home prices restore equity to homeowners.. Fewer underwater mortgages as higher home prices help owners regain.

13 Percent of Homeowners Are ‘Seriously’ Underwater on Mortgages .. but are still higher than a year ago. home prices rose 4.9% in May: S&P/Case-Shiller. homeowners with more equity are more.

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Fewer underwater mortgages as higher home prices help owners regain equity – South Florida Sun Sentinel improved housing market means fewer underwater mortgages. – Fewer South Florida homeowners are plagued with problem mortgages, a new report shows. In the second quarter of 2015, 16 percent of mortgaged homes and condominiums were.

The number of Tampa Bay homeowners underwater on their mortgages has plunged by more than two-thirds since 2015. According to Zillow, 34,963 area owners now owe more than their homes are worth.

Now, though, national home values are higher than ever, and many owners who held on to their homes throughout the housing crisis have resurfaced on their mortgages. Still, despite the progress made as the negative equity rate falls, 4.4 million homeowners remain underwater, and about 713,000 of them owe at least twice as much as their homes’ value.

Last year, 1.2 million homeowners who were underwater were able to regain positive equity in their homes, says Zillow. But 5 million homeowners remain underwater on their mortgages. A little under 45 percent of all underwater homeowners are within 20 percent of gaining positive equity, says the listing site.

'Seriously underwater' mortgages are on the decline across South Florida as higher home prices restore equity to homeowners.

Homeowners continue to regain equity as underwater mortgages decline. By Paul Owers.. Fewer underwater mortgages as higher home prices help owners regain equity.. South Florida Sun-Sentinel.