Oklahoma No. 1 in home equity
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Oklahoma No. 1 in home equity
Although millions of people owe more on their homes than they're worth, Oklahoma has the lowest percentage of upside-down mortgages in the country.
Although millions of people owe more on their homes than they’re worth, Oklahoma has the lowest percentage of upside-down mortgages in the country.
Council of Neighborhoods house at 2420 SE 10th, Friday, April 2, 2010. Photo by David McDaniel
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Also ...Lowest negative equity1. Oklahoma…5.9 percent
2. New York…7 percent
3. Montana…7.3 percent
4. Pennsylvania…7.4 percent
5. North Dakota…8 percent
Source: CoreLogic
Also ...Highest negative equity1. Nevada…69.9 percent
2. Arizona…51.2 percent
3. Florida…47. 7 percent
4. Michigan…38.6 percent
5. California…34.1 percent
Source: CoreLogic
Just 5.9 percent of Oklahoma homeowners, or 23,724 mortgage holders out of a total of 402,187 recorded, have negative equity on their homes, according to a survey released Tuesday by business data company CoreLogic.
The state’s number is well below the national average of 23.7 percent.
John Hausam, president of ERA John Hausam Realtors in Tulsa, said the low rate is likely the result of Oklahoma skipping the last decade’s housing bubble, when prices in many regions skyrocketed, only to plunge.
Click here to read the complete article at Tulsaworld.com
Toolbar sponsored by: David Stanley FordRelated Topics: Business, Financial Markets, Economic Indicators, Real Estate, Housing Starts, Property Values, Asset-Price Bubbles
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uwphotostore 12 hours ago Oklahoma remains afloat in underwater housing market | NewsOK.com: Although millions of people owe more on their h... http://bit.ly/aBMoKrLoading comments...News Photo Galleriesview all
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Oklahoma continues to be an oasis in the housing market. This does not mean that prices are still going up over the state, it means something more important. People who bought homes in Oklahoma during the bubble, were buying at real versus inflated values. Is this a great state, or what!
