(NewsNation) — Around one in 37 homes are now worth much less than their remaining mortgage balance, according to new data released Thursday.
Nationally, the share of “seriously underwater” mortgages — meaning homes with an outstanding loan at least 25% more than the market value — rose from 2.6% to 2.7% in the first quarter, per real estate data firm ATTOM.
However, that share still remains well below the pre-pandemic level when one in 15 homes (6.6%) fell into that category.
In a statement, Rob Barber, CEO of ATTOM, said homeowners continue to benefit from…
