14 Jun 2013

Report: Fewer Charlotte homes underwater

“As home values continue to rise in Charlotte, fewer homeowners in the region are finding themselves “underwater” – the term for when homeowners owe more on their mortgages than their homes are worth.

According to a report released Wednesday, 13 percent of Charlotte-Gastonia-Rock Hill-area homeowners were underwater – also known as being in negative equity – in the first quarter. That was down from 17.6 percent in the fourth quarter of last year and 18.8 percent in the first quarter of 2012.”

Article via charlotteobserver.com. Read the full story by clicking here!

 

Allen Tate Companies
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