Interactive: 57 percent of Sacramento homeowners "underwater"

Published: Thursday, May. 24, 2012 - 12:11 pm
Last Modified: Monday, Jun. 10, 2013 - 11:07 am

Almost six of every ten homeowners in Sacramento County owe more on their loans than their homes are worth, according to a new analysis from real estate tracking firm Zillow.

When homeowners walk away from their loans or pursue a short sale -- a common occurrence in Sacramento -- they push home prices lower, feeding a cycle that has hampered the Sacramento real estate market for years.

This map from Zillow shows the proportion of homes with negative equity nationwide.

Underwater homes by county and ZIP code

Source: Zillow, The U.S. Housing Crisis: Where are home loans underwater?
Zillow's methodology: "Negative equity is calculated by matching the estimated value of a home to all outstanding mortgage debt and lines of credit associated with the home, including home equity lines of credit and home equity loans, supplied by TransUnion."

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Read more articles by Phillip Reese



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