Real Estate & Home

Mapped: Where Homeowners Are Seriously Underwater on Their Mortgages

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The share of seriously underwater mortgages increased by half a percentage point year-over-year to 3.2%, affecting between one million and two million homes in the U.S., according to ATTOM's latest report. This trend disproportionately impacts Midwestern states like Minnesota, South Dakota, Iowa, and Michigan due to lower home price appreciation and higher prevalence of low-equity mortgages originated post-2021.

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