were Louisiana (20.7 percent); Mississippi (17.1 percent); Arkansas (16.3 percent); West Virginia (16.2 percent); and Illinois (16.2 percent). Among 99 metropolitan statis- tical areas analyzed in the report, those with the highest share of seriously underwater properties were Baton Rouge, Louisiana (21.3 percent); Scranton, Pennsylvania (20.0 percent); Youngstown, Ohio (19.2 percent); Toledo, Ohio (19.2 percent); and New Orleans, Louisi- ana (17.8 percent). SERIOUSLYUNDERWATER COUNTIES RESIDE IN MIDWEST AND SOUTHERN REGIONS Among those counties with at least 5,000 properties with mort- gages, there were 54 counties where more than 25 percent of all properties with a mortgage were seriously underwater. The top five counties with the highest share of seriously under- water properties were Scotts Bluff county in Nebraska (63.7 percent seriously underwater); Jackson county in Florida (50.7 percent); Halifax county in North Carolina (45.4 percent); Carlton county in Minnesota (43.3 percent); and Henry county in Illinois (39.5 percent). a market slowdown, which will be good for buyers, but not so good for sellers. If the latest trend continues, it will raise another clear signal of
slower pace in 2018 than in previ- ous years, the potential for people to climb out from mortgages that are underwater or advance into equity-rich territory tends to be re- duced,” said Todd Teta, chief product officer at ATTOM Data Solutions. “However, only one in 11 mortgag- es are seriously underwater today, compared to nearly one in three during the depths of the recession. Although, if the latest trend contin- ues, it will raise another clear signal of a market slowdown, which will be good for buyers, but not so good for
sellers. But if the pattern of the past few years takes hold – with levels of underwater and equity rich mortgag- es turning around - it will mean the market remains strong for sellers, with fewer needing to get out from under financial distress.” HIGHEST SERIOUSLY UNDERWATER SHARE IN LOUISIANA, MISSISSIPPI, ARKANSAS, WEST VIRGINIA States with the highest share of seriously underwater properties
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