In 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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