CoreLogic: 28.3 percent of mortgaged homes in Miami underwater

Home price gains continue to weaken  · WASHINGTON (AP) – U.S. home price gains slowed for the fifth straight month in August as higher mortgage rates have lowered home sales. The S&P CoreLogic Case-Shiller 20-city home price index, released Tuesday, increased 5.5 percent in August compared with a year earlier, down from a 5.9 percent gain in the previous month.Dinner party landlords take leave as tax rises are too hard to swallow Rents will rise if government proposal to tax landlords more. – A proposal to make landlords pay more tax will push rents higher and leave tenants struggling to find a place to live, a property investor group says. revenue minister stuart nash is asking the.

Despite the sharp rebound in housing prices in Miami in recent years, 28.3 percent of mortgaged homes in the area were still underwater in the third quarter of 2014, according to CoreLogic.

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Underwater homes are surfacing in Miami-Dade: report. In Miami-Dade, a total of 102,822 homes were underwater as of 2015’s second quarter. That represents 23.2 percent of all residential properties in the county. Despite accounting for nearly a quarter of all homes here, that figure has decreased by 5.5 percent compared to the same period last year.

CoreLogic: Miami Homeowners Shake Off Water and Regain Equity. by James McClister June 16, 2015. CoreLogic’s newest equity report finds rising home values have pushed 90 percent of homeowners into positive equity

CoreLogic data includes 49 million properties with a mortgage, which accounts for more than 85 percent of all mortgages in the U.S. CoreLogic uses public record data as the source of the MDO, which includes both first-mortgage liens and second liens, and is adjusted for amortization and home equity utilization in order to capture the true level.

That brings the total of mortgaged residences worth more than their mortgage balance to 38.1 million, according to the latest report from CoreLogic. That compares to 39.8 million homes underwater.

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"Equity rebuilding continued in the second quarter of this year as the share of underwater mortgaged homes fell to 14.5 percent," said dr. mark fleming, chief economist for CoreLogic.

 · Nevada had the highest percentage of mortgaged homes with negative equity at 36.4%, according to CoreLogic. Other states with high amounts of.

Equity Rich Properties Represent 25.6 Percent of U.S. Properties; Share of. in Q4 2018 represented 25.6 percent of all properties with a mortgage, down. That 8.8 percent share of seriously underwater homes remained.

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 · CoreLogic has released a new analysis showing that approximately 2.5 million more residential properties returned to a state of positive equity during the second quarter of 2013, and the total number of mortgaged residential properties with equity currently stands at 41.5 million. The analysis shows that 7.1 million homes, or 14.5 percent of all residential properties with a mortgage, were.

In Q2 2016, the total number of mortgaged residential properties with negative equity stood at 3.6 million, or 7.1 percent of all homes with a mortgage. This is a decrease of 13.2 percent quarter.

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