165,582 w/Negative Equity in SD
In San Diego-Carlsbad-San Marcos, 28.2 percent, or 165,582 properties, of all residential properties with a mortgage were in negative equity for first quarter of 2012, according to CoreLogic.
This is down slightly from the fourth quarter of 2011 when 29.8 percent, or 175,746 properties, with a mortgage were in negative equity. An additional 4.9 percent, or 28,889 residential properties, were in near negative equity for first quarter of 2012 compared to 4.8 percent, or 28,520, in fourth quarter of 2011. From CoreLogic: