Orlando's underwater mortgages drop 6 percent | REALTOR® Vincent Murphy

Orlando’s underwater mortgages drop 6 percent

underwater bubbles

The number of seriously underwater mortgages (125 loan-to-value) in the Orlando MSA declined 6 percent in the fourth quarter of 2017, compared to the same quarter in 2016. Currently 9.2 percent of all Orlando mortgages are seriously underwater, which mirrors the nation’s 9.3 percent.

Orlando Underwater History, Seriously
Percent of Orlando homes seriously underwater
Q3 2013 – 36%
Q3 2014 – 26%
Q4 2015 – 22%
Q4 2016 – 16%
Q4 2017 – 9%

Source: ATTOM Data Solutions

Powered by WPeMatico