Thursday, August 26, 2010

CoreLogic Releases New Negative Home Equity Report

From Calculated Risk:

CoreLogic also released a negative equity report for 164 metro areas (excel file) (with a minimum of 50,000 mortgages). Las Vegas is at the top with 72.8% of homeowners with mortgages in negative equity (another 3.3% are close) - and the top of the list is dominated by Nevada, California, Arizona and Florida - but it is amazing how widespread the problem is!
Bearish for Las Vegas, bearish for casinos!

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