Less Than 10% of Hawaii Homeowners in Negative Equity Position
CoreLogic reports that 9.8% of all mortgages in Hawaii had negative equity in the 2010 first quarter, the 10th lowest percentage of any state in the country. Negative equity means the borrower owes more on the loan than the value of the home.
The company also reported that in Honolulu 7.5% or 12,113 of all residential properties with a mortgage had negative equity.
Nationwide, 23.7% of mortgages are in that situation, from a survey of 47 million properties, representing 85% of all US mortgages.
Barbara Abe, Realtor
808-226-2537
barbara@barbarashawaii.com
www.barbarashawaii.com
www.movetohawaiikai.com