The Mortgage Mess, by the Map
More than 300,000 underwater mortgages in Texas. Just under two million underwater mortgages in Florida. Even more --- 2.049 million -- in California. For this and much more from a data-rich analysis of the U.S.housing market, turn to American Public Media, where the ongoing America Underwater series (in conjunction with the New York Times) chronicles "the story of home ownership in America three years after the bubble burst."
For starters, this interactive map and associated sortable chart explore the following data points for each state: number of mortgages, percent underwater, total mortgage debt, house price index, home price index fall from peak, foreclosure rate. The data are based on reports from the Q3 Realty Trac foreclosure report, Q2 FHFA House Price Index and Q2 Corelogic negative equity report.
States with highest percentage of homes underwater:
- Nevada (60.4 percent)
- Arizona (48.7 percent)
- Florida (45.1 percent)
States with the highest house price index:
- New York ($573,040)
- New Jersey ($474,890)
- Rhode Island ($455,770)
States with the lowest fall from peak home price index:
- North Dakota (0 percent)
- Alaska (0.7 percent)
- South Dakota (1.9 percent)
Click on the links below for the transcripts and audio podcasts associated with the series:
- Your Mortgage: Home First, Investment Second
- Underwater, but Still Living the American Dream
- More Americans Opting for Multigenerational Housing
- A Financial Adviser's Big Financial Mistake
- From Re-Fis to Loan Mods: the Never-Ending Story
- What It's Like to Walk Away from a House
- complete list
Surprised by any of these statistics or stories? Feel free to comment below.