Study Finds 6.4 Million U.S. Homeowners Still Have Underwater Mortgages

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The number of homeowners underwater on their mortgages continued to fall in Q1, but millions still lack enough equity to afford to move, Zillow revealed in its first-quarter negative equity report. According to the report, the national negative equity rate was 25.4 percent in the last quarter compared to 27.5 percent at the end of 2012.

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Click through to see which U.S. states have the highest rate of underwater homeowners (All home price and sale information is from Top 10 states for ‘underwater’ mortgages

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A staggering number of American homeowners remain under water on their mortgages a decade after the housing bubble burst. Almost 4.5 million households — or 9.1 percent — owed more than their homes are worth in the fourth quarter of 2017, according to data firm Zillow, with an estimated 713,000 owing at least twice as much as their property’s value.

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