Q3 Top 50 Negative Equity Markets by CBSA

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  • 8/14/2019 Q3 Top 50 Negative Equity Markets by CBSA

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    am am eac en a e ropo an v s on

    Q3 2009 NegatSource: First American CoreLogic Properties Wit

    CBSA Name Mortgages

    NegativeEquity

    Mortgages

    Los Angeles-Long Beach-Glendale, CA Metropolitan Division 1,552,334 418,505Chicago-Naperville-J oliet, IL Metropolitan Division 1,542,281 324,448Atlanta-Sandy Springs-Marietta, GA 1,236,153 330,221New York-White Plains-Wayne, NY-NJ Metropolitan Division 1,114,539 113,306Washington-Arlington-Alexandria, DC-VA-MD-WV Metropolitan Division 991,148 296,650Phoenix-Mesa-Scottsdale, AZ 984,519 532,175Houston-Sugar Land-Baytown, TX 913,794 106,968Philadelphia, PA Metropolitan Division 901,198 68,832Riverside-San Bernardino-Ontario, CA 871,660 474,265Dallas-P lano-Irving, TX Metropolitan Division 739,734 99,579

    Tampa-St. Petersburg-Clearwater, FL 684,822 314,183Baltimore-Towson, MD 637,739 103,678Seattle-Bellevue-Everett, WA Metropolitan Division 636,645 83,212Denver-Aurora-Broomfield, CO 635,973 139,059San Diego-Carlsbad-San Marcos, CA 599,356 197,459St. Louis, MO-IL 578,212 87,557Santa Ana-Anaheim-Irvine, CA Metropolitan Division 568,053 118,923Edison-New Brunswick, NJ Metropolitan Division 555,805 67,641Oakland-Fremont-Hayward, CA Metropolitan Division 551,423 189,678

    - - , , ,Warren-Troy-Farmington Hills, MI Metropolitan Division 527,510 217,457

    Orlando-Kissimmee, FL 519,049 264,204Nassau-Suffolk, NY Metropolitan Division 517,562 25,596Sacramento-Arden-Arcade-Roseville-Woodland, CA 498,723 221,674Cleveland-Elyria-Mentor, OH 486,397 120,505Portland-Vancouver-Beaverton, OR-WA 472,091 69,722Las Vegas-Paradise, NV 460,219 319,873Fort Lauderdale-Pompano Beach-Deerfield Beach, FL Metropolitan Division 458,091 237,728Cincinnati-Middletown, OH-KY-IN 442,537 83,312Minneapolis-St. Paul-Bloomington, MN-WI 438,549 68,131Newark-Union, NJ -PA Metropolitan Division 413,788 68,974Columbus, OH 396,637 74,271

    Boston-Quincy, MA Metropolitan Division 390,334 63,234Fort Worth-Arlington, TX Metropolitan Division 373,577 46,082Kansas City, MO-KS 370,307 48,192Charlotte-Gastonia-Concord, NC-SC 363,295 35,256San J ose-Sunnyvale-Santa Clara, CA 348,980 76,492West Palm Beach-Boca Raton-Boynton Beach, FL Metropolitan Division 348,199 151,418Providence-New Bedford-Fall River, RI-MA 342,179 59,994

    J acksonville, FL 332,350 135,730Cambridge-Newton-Framingham, MA Metropolitan Division 330,298 39,447

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    San Francisco-San Mateo-Redwood City, CA Metropolitan Division 325,254 34,006Virginia Beach-Norfolk-Newport News, VA-NC 324,503 71,526San Antonio, TX 323,275 32,139Pittsburgh, PA 313,728 18,191Nashville-Davidson--Murfreesboro--Franklin, TN 309,497 30,449Austin-Round Rock, TX 306,011 29,685

    Camden, NJ Metropolitan Division 303,669 54,613Bethesda-Frederick-Gaithersburg, MD Metropolitan Division 296,188 57,709Hartford-West Hartford-East Hartford, CT 279,415 23,741Detroit-Livonia-Dearborn, MI Metropolitan Division 278,022 123,320

    * This data only includes properties with a mortgage. Non-mortgaged properties are by definition not included.** Defined as properties in negative equity or within 5% of being in a negative equity position.

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    ive Equity by CBSAh a Mortgage Outstanding $ Outstanding

    ear Negative

    EquityMortgages

    NegativeEquityShare

    ear Negative

    EquityShare

    Total PropertyValue

    Mortgage DebtOutstanding

    Net Homeowner Equity

    476,129 27.0% 30.7% 753,483,834,925 495,141,544,532 258,342,290,393406,769 21.0% 26.4% 418,458,238,056 294,307,127,262 124,151,110,794436,655 26.7% 35.3% 265,922,858,095 210,959,557,095 54,963,301,000148,344 10.2% 13.3% 604,718,144,793 320,498,287,671 284,219,857,122346,856 29.9% 35.0% 383,221,063,222 279,146,958,237 104,074,104,985574,119 54.1% 58.3% 207,937,731,494 199,375,844,448 8,561,887,046160,577 11.7% 17.6% 170,447,573,421 116,733,705,599 53,713,867,822101,177 7.6% 11.2% 244,657,527,157 152,277,731,685 92,379,795,472507,730 54.4% 58.2% 205,461,384,782 211,149,083,401 -5,687,698,619154,607 13.5% 20.9% 148,467,460,420 106,896,494,436 41,570,965,984343,600 45.9% 50.2% 116,335,251,341 104,622,869,567 11,712,381,774135,182 16.3% 21.2% 194,645,675,156 126,268,200,481 68,377,474,675114,748 13.1% 18.0% 259,607,547,516 163,997,164,989 95,610,382,527189,783 21.9% 29.8% 171,280,435,732 125,920,704,891 45,359,730,841223,055 32.9% 37.2% 263,426,710,185 190,275,634,415 73,151,075,770121,760 15.1% 21.1% 108,612,781,522 75,236,465,023 33,376,316,499142,518 20.9% 25.1% 312,676,251,166 203,505,842,321 109,170,408,84590,090 12.2% 16.2% 213,024,007,411 124,782,353,102 88,241,654,309

    211,086 34.4% 38.3% 255,161,071,150 192,567,776,194 62,593,294,956, . . , , , , , , , , ,

    249,745 41.2% 47.3% 90,653,627,319 78,301,277,095 12,352,350,224

    284,646 50.9% 54.8% 95,465,257,140 91,939,771,556 3,525,485,58434,946 4.9% 6.8% 261,075,403,265 116,508,251,641 144,567,151,624243,128 44.4% 48.8% 138,611,930,972 122,177,872,157 16,434,058,815151,291 24.8% 31.1% 73,820,944,235 56,014,695,383 17,806,248,85295,651 14.8% 20.3% 137,509,835,402 92,543,098,279 44,966,737,123

    335,607 69.5% 72.9% 83,746,822,154 101,972,573,532 -18,225,751,378253,395 51.9% 55.3% 94,433,970,141 89,910,833,161 4,523,136,980115,188 18.8% 26.0% 75,802,312,087 56,735,820,143 19,066,491,94490,002 15.5% 20.5% 107,552,527,418 67,341,717,659 40,210,809,75985,756 16.7% 20.7% 168,195,314,593 104,557,263,754 63,638,050,839

    104,971 18.7% 26.5% 68,943,380,308 51,654,944,493 17,288,435,815

    77,820 16.2% 19.9% 155,924,681,982 95,987,757,352 59,936,924,63075,357 12.3% 20.2% 60,388,775,368 44,268,128,308 16,120,647,06069,930 13.0% 18.9% 67,579,467,364 49,269,304,946 18,310,162,41862,587 9.7% 17.2% 81,618,334,193 59,226,776,124 22,391,558,06989,515 21.9% 25.7% 228,094,222,888 138,655,301,758 89,438,921,130

    164,114 43.5% 47.1% 86,563,351,897 72,297,471,124 14,265,880,77371,721 17.5% 21.0% 96,059,993,406 55,488,764,119 40,571,229,287

    153,150 40.8% 46.1% 63,146,435,995 52,419,363,177 10,727,072,81850,642 11.9% 15.3% 146,423,001,831 85,260,445,204 61,162,556,627

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    44,036 10.5% 13.5% 261,418,919,303 141,304,419,029 120,114,500,27492,155 22.0% 28.4% 86,073,730,960 62,191,814,870 23,881,916,09050,656 9.9% 15.7% 53,395,730,421 37,296,931,914 16,098,798,50722,922 5.8% 7.3% 48,181,167,273 27,236,646,331 20,944,520,94252,988 9.8% 17.1% 67,221,649,387 45,764,665,216 21,456,984,17146,768 9.7% 15.3% 74,281,284,675 48,256,939,448 26,024,345,227

    70,833 18.0% 23.3% 70,681,974,152 48,899,775,342 21,782,198,81070,885 19.5% 23.9% 131,714,786,499 84,025,938,064 47,688,848,43535,081 8.5% 12.6% 75,742,077,355 44,835,474,001 30,906,603,354

    139,236 44.4% 50.1% 34,265,929,643 30,570,804,985 3,695,124,658

    Only markets with 50,000 or more loans are included.

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    Loan-to-Value Ratio

    66%70%79%53%73%96%68%62%

    103%72%90%65%63%74%72%69%65%59%75%

    86%

    96%45%88%76%67%

    122%95%75%63%62%75%

    62%73%73%73%61%84%58%83%58%

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    54%72%70%57%68%65%

    69%64%59%89%