• Arizona
  • Thursday , Feb 1 , 2018

Area Info

San Tan Valley Area Information

1 minute reading time (246 words)

Fewer Home Owners Report Equity in Homes

With falling property values, more home owners are reporting being underwater, owing more on their home than it’s currently worth.

One in three home owners -- or 33 percent -- say that their home is worth less than the amount they still owe on their mortgage, while another 18 percent aren’t even sure if they’re underwater, according to the latest Rasmussen Report of 676 home owners.

Upper-income home owners tend to be more confident about their home’s value than those who earn less, according to the study. Also, investors were found to be more confident than noninvestors about their home’s equity.

Overall, for the second straight month, less than half of home owners -- 49 percent -- say the value of their home is worth more than the amount they still owe on their mortgage. While that’s up from June’s all-time low of 45 percent, analysts are still concerned.

For comparison, in December 2008, 61 percent of home owners surveyed said they believed their home was worth more than their mortgage. While that number has fallen since, this is the first time the number of home owners believing they had equity in their home stayed below 50 percent for two months in a row.

Source: “Just 49% Say Home Is Worth More Than Mortgage,” Rasmussen Reports (July 21, 2011)

Read more

Font size: +
Wine & Chocolate Affair - July 23rd
Panel pushes Arizona Lottery privitization, other ...
 

Comments

No comments made yet. Be the first to submit a comment
Already Registered? Login Here
Guest
Tuesday, 04 August 2020
If you'd like to register, please fill in the username, password and name fields.

Captcha Image

By accepting you will be accessing a service provided by a third-party external to https://santanvalleydeals.com/

Stay Connected

J.M. Kuhstoss Remodeling Pros

J.M. Kuhstoss Remodeling Pros

San Tan Valley, Pinal County
MyBizNow LLC

MyBizNow LLC

San Tan Valley, Pinal County
San Tan Leads

San Tan Leads

San Tan Valley, Pinal County
Leading Edge Academy

Leading Edge Academy

San Tan Valley, Pinal County
No More Stink

No More Stink

San Tan Valley, Pinal County
Florence Unified School District

Florence Unified School District

Florence, Pinal County
Any Payment Solutions

Any Payment Solutions

San Tan Valley, Pinal County

Daily News

Wait a minute, while we are rendering the calendar

Upcoming Events

6 Aug
Banner Children’s Health Mobile
08.06.2020 9:00 am - 5:00 pm

Banner Health provides health services to...

8 Aug
Purple Heart Day-Honoring Veterans
08.08.2020 11:00 am - 3:00 pm

Join us to WELCOME HOME veterans at the Purple Heart...

10 Aug
Veteran's Assistance
08.10.2020 9:00 am - 6:00 pm

Veteran Assistance services are available...

11 Aug
San Tan Leads
08.11.2020 7:30 am - 9:00 am


San Tan Leads is a one person per industry...

11 Aug

Learn how to take control and manage your health by...

Partners

Advertise your business to hundreds of thousands of potential customers, while supporting your local news resource at the same time. Our Partners help us provide you with services and information to help keep you informed.

Become A Partner

Follow Us

0
Our San Tan Valley Community Keeps Growing!

San Tan Valley News

EPCOR Customer Update

Jul 28, 2020 Hits:974

Twitter Feed

TRAFFIC ALERT from @PinalCSO Arizona Farms Rd. and Hwy 79 closed for the next several hours due to vehicle collis… https://t.co/9YdsifPStH
Reducing capacity to 50% or less at restaurants is @dougducey latest request to help #slowthespread #covid19
Safer at home. If not home you're safer outside, and if not outside safer where there are few people. @dougducey #maskupaz

About SanTanValley.com

About SanTanValley.com

Search