More homeowners in South Florida and nationwide underwater, according to analysis firm

More South Florida homeowners were underwater in their mortgages during the second quarter of 2011 compared to last year as home values struggled to stay buoyant.

About 46 percent of homeowners with mortgages in Palm Beach, Broward and Miami-Dade counties owe more on their loans than their homes are worth, according to real estate analysis firm Zillow. That compares with 43 percent during the second quarter of 2010.

In the Treasure Coast, more than 56 percent of mortgages were underwater in the second quarter, up from 54 percent a year ago.

Read More.

About the author

no Comments

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.

%d bloggers like this: