Florida Ranks 2nd For Underwater Homes
Statewide, about 29 percent of homeowners with a mortgage were underwater last quarter, ranking the state second in the nation for highest negative equity following Nevada’s 32 percent. Arizona came in third with 22.5 percent, followed by Ohio (18 percent) and Georgia (17.8 percent).
Of the largest 25 metropolitan areas, Orlando-Kissimmee-Sanford, Fla., had the highest percentage of mortgaged properties in negative equity at 32.3 percent, followed by Tampa-St. Petersburg-Clearwater, Fla. (30.1 percent), Phoenix-Mesa-Scottsdale, Ariz. (23.2 percent), Riverside-San Bernardino-Ontario, Calif. (20.8 percent) and Chicago-Naperville-Arlington Heights, Ill. (20.5 percent).
For more on this story visit: Kim Miller, The Palm Beach Post