American Cities Sunk By Foreclosures

Most of the cities on our list are in regions worst hit by the housing crash. These areas are all in California, Florida or the Southwest — all of which were booming housing markets before the recession hit. In the U.S., just fewer than 15% of homes were built in the last ten years. But in some of the cities on our list of highest underwater mortgages, that number is 25% and higher.

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Read more: The American Cities Sunk by Underwater Mortgages – 24/7 Wall St.

Yours to Count On,

Erika Madsen
The Madsen Team ~ Our Trademark is Communication
Associate Broker/Realtor ®, CDPE, CLHMS

Coldwell Banker ~ Howard Perry & Walston
919.467.1882 office
919.520.6612 cell
919.653.4821 fax