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Nearly 1 in 4 MD Homeowners, Underwater

By: Myles, September 15th, 2011

According to CoreLogic, as reported by the Baltimore Sun today, “[n]early one in four Marylanders with a mortgage owed more on those loans than their homes were worth this spring, worse than all but six other states — and a large number of homeowners who can’t easily sell or refinance.”
Although the Baltimore region is running at a lower […]

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Half-Empty or Half-Full: 50% Homeowners Underwater, 50% Not

By: Myles, July 2nd, 2009

THE “HALF-EMPTY” PERSPECTIVE: It is estimated that more than 50 percent of American homeowners are either in or near a negative equity situation. And if all that is not bad enough, check out the latest news:

 U.S. mortgage applications plunged to a seven-month low last week as demand for home refinancing loans tumbled 30 percent, data […]

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