fewer homeowners with mortgages in Fort Worth-Arlington are underwater on their loans, according to CoreLogic, a provider of info, analytics and biz services. their report shows that in Fort Worth-Arlington 11.3% of all residential properties with a mortgage were in negative equity in the 3rd quarter (down from 12% in the 2nd quarter). In a recent report CoreLogic stated that 22.1% of all residential properties nationwide with a mortgage were in negative equity at the end of the 3rd quarter. Once again DFW shines brighter than the national average! quick note – notice CoreLogic’s reporting only on those residential properties WITH a mortgage. if you caught my article a couple of weeks ago, My Glass of Home Equity is Half Full, you’ll remember that ONE THIRD of residential properties are mortgage-FREE (not half as bad as the doom and gloom media would have you think!).
fewer FW-Arlington homeowners in negative equity!
According To Cole 