Facebook (FB), GoPro (GPRO) and Groupon (GRPN) shoot higher on Q2 earnings beat. READ MORE

Top 10 Cities Underwater on Mortgages in Q3

Negative equity trended down slightly in the last three months

      View All  

3. Orlando, Fla.

Homeowners with Negative Mortgages:  47.7%

We’re back to Florida for No. 3, and luckily, still under the 50% mark.

In the third quarter, 47.7% of homeowners in Orlando had mortgages with negative equity, a slight improvement from the prior quarter when the amount was 51.9% but not enough to move the city from the bronze medal on this list.

Again, this sunny city has a high percentage of renters — nearly 60%, which is the same as the statewide average. Orlando has 88,600 houses, but only 81,000 are occupied. The median household income for those with a mortgage is less than $70,000.

Article printed from InvestorPlace Media, http://investorplace.com/2012/11/top-10-cities-underwater-on-mortgages-in-q3/.

©2016 InvestorPlace Media, LLC

Comments are currently unavailable. Please check back soon.