Relevant:
- Underwater Homeowners Down To a Third of Peak, But Remaining "Stuck" At Low End
- The 20 Cities With The Most Underwater Homes
- U.S. Homeowners ‘Underwater' on Mortgages Drop as Foreclosures Increase
- Obama: 'Too many' homes still underwater
- California No Longer Foreclosure 'Kingpin'? Playing with the data... again. | Mandelman Matters
2009-05-06 — ritholtz.com
"Nationally, 22% of all homes are underwater, then consider the total of homes purchased with credit. Back out the mortgage-free homes, and we get 33% of all mortgaged homes are underwater. This is significant in terms of the results of the stress tests, and the banks ability to withstand further deterioration of their balance sheets. (For stress test purposes, homes without mortgages are not relevant"
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