DATA IN ACTION: The U.S. Housing Markets Seriously Underwater vs. Equity Rich
HISTORICAL U.S. UNDERWATER & EQUITY RICH TRENDS
Qtr-Year
U.S. Properties Seriously Underwater
% Seriously Underwater
U.S. Properties Equity Rich
% Equity Rich
Q1 2012 Q2 2012 Q3 2012 Q1 2013 Q2 2013 Q3 2013 Q4 2013 Q1 2014 Q2 2014 Q3 2014 Q4 2014 Q1 2015 Q2 2015 Q3 2015 Q4 2015 Q1 2016 Q2 2016 Q3 2016 Q4 2016 Q1 2017 Q2 2017 Q3 2017 Q4 2017 Q1 2018 Q2 2018 Q3 2018 Q4 2018 Q1 2019
12,533,155 12,824,279 12,472,262 10,894,743 11,336,033 10,714,924 9,274,126 9,065,741 9,074,449 8,135,648 7,052,570 7,341,922 7,443,580 6,917,673 6,436,381 6,703,857 6,666,622 6,063,326 5,408,323 5,497,771 5,433,684 4,628,408 5,032,185 5,206,446 5,181,467 4,940,724 5,001,482 5,223,524
27.8% 28.6% 27.6% 25.8% 25.7% 23.2% 18.8% 17.5% 17.2% 15.0% 12.7% 13.2% 13.3% 12.7% 11.5% 12.0% 11.9% 10.8%
9,097,325 9,935,939 9,945,646 10,812,968 11,249,646 11,053,055 10,963,041 10,476,259 12,621,274 12,335,651 12,383,345 13,125,367 13,877,315 13,718,473 14,038,372 14,030,394 13,731,767 13,841,082 13,907,758 14,464,379 14,566,363 14,401,555
18.5% 19.1% 18.9% 20.1% 20.3% 19.8% 19.6% 19.2% 22.5% 22.0% 22.1% 23.4% 24.6% 24.3% 24.6% 26.4% 25.4% 25.3% 24.9% 25.7% 25.6% 25.1%
9.6% 9.7% 9.5% 8.7% 9.3% 9.5% 9.3% 8.8% 8.8% 9.1%
with the highest share of equity rich properties were San Jose, California (68.3 percent); San Francisco, Cal- ifornia (58.4 percent); Los Angeles, California (48.1 percent); Santa Rosa, California (47.6 percent); and San Diego, California (39.3 percent). TOP 4 EQUITY RICH COUNTIES ALL IN CALIFORNIA Among those counties with at least 5,000 properties with mortgag-
es, there were 252 counties where more 25 percent of all properties with a mortgage were equity rich. The top four counties with the highest share of equity rich proper- ties were all located in in California: San Mateo county (73.9 percent equity rich); Santa Clara county (69.3 percent); San Francisco county (68.9 percent); and Alameda county (59.4 percent).
HIGHEST EQUITY RICH SHARE IN CALIFORNIA, HAWAII, NEWYORK, WASHINGTON, VERMONT States with the highest share of equity rich properties were Cali- fornia (43.0 percent); Hawaii (38.1 percent); New York (34.2 percent); Washington (33.2 percent); and Ver- mont (32.8 percent). Among 99 metropolitan statistical areas analyzed in the report, those
22 think realty housing news report
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