clIn the San Diego-Carlsbad area, 11.4 percent, or 66,899, of all residential properties with a mortgage were in negative equity as of the third quarter 2013, according to CoreLogic.  It was a slight improvement from 2Q13, when 13.6% of all mortgaged properties were in negative equity.

San Diego-Carlsbad

More than 20% equity:  73.3%

0 – 20% equity:  15.3%

Negative Equity:  11.4%

Near Negative Equity (95%-100%): 2.4%

Near Positive Equity: (100%-105%): 2.0%

Mortgaged Properties: 585,000

Average Loan-to-Value ratio: 56.9%

http://www.corelogic.com/about-us/researchtrends/equity-report.aspx

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underwaterreport

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Jim the Realtor
Jim is a long-time local realtor who comments daily here on his blog, bubbleinfo.com which began in September, 2005. Stick around!

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