Category: Charlotte Observer Articles

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...
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