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Bob Carey
Chief Market Strategist
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Brian Wesbury
Chief Economist
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Investment Insights
Factoid of the Day Thursday, April 17, 2014
RealtyTrac reported that in Q1’14, 9.1 million, or 17% of homeowners were seriously underwater on their property, meaning their debt level exceeded the home’s value by 25% or more, according to CNNMoney. The silver lining was that the 9.1 million homes was down notably from the 10.9 million homes underwater in Q1’13. The states with the highest percentage of homes considered seriously underwater include Nevada, Florida and Illinois. RealtyTrac also reported that the number of “equity-rich” homeowners, those with 50% or more equity in their home, stood at 9.9 million, or 19% of all mortgaged homes, in Q1’14. 
 
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