Profile picture for Vince Fumusa

What percent of Phoenix area homes have underwater mortgages?

  • November 14 2012 - US
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Answers (3)

Vince,

I think you meant to start a discussion, instead of asking a question and answering it.

Zillow can be a bit confusing.


Chad Gray PA, Realtor
Luxury Living Fort Lauderdale
Coldwell Banker Residential Real Estate
  • November 15 2012
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Profile picture for wetdawgs
Why did you ask if you knew the answer?
  • November 14 2012
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Profile picture for Vince Fumusa
Less Phoenix-area homes have underwater mortgages
Slightly less than half of homeowners throughout metro Phoenix are now underwater on their mortgages. About 45% of Valley homeowners were underwater during the third quarter - a 13% drop from the two previous quarters when slightly more than half were underwater. One of the highest negative equity rates in the Valley was in the south Phoenix ZIP code of 85043, where 74% of homeowners were underwater in the third quarter.  Phoenix Business Journal
  • November 14 2012
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