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Negative equity lowest since the bottom of the market

June 9, 2018 by Russ

Negative Equity at 9.1%, Lowest Since The Bottom Of The MarketIn late 2011 and early 2012 — the peak of the housing crisis — a whopping 31% of Americans with a home loan owed more on their mortgages than their homes were worth.

But the real estate market has slowly been recovering since then, and according to recently released data from Zillow, the number of Americans with negative equity has fallen to 9.1% — less than a third of what it was during the housing crisis and the first time it’s dipped below 10% since the market bottomed out in 2012.

With such a low percentage of homeowners carrying negative equity in their homes — and with prices across the country at an all-time high thanks to low inventory — there’s never been a better time to sell your home, pay off your mortgage, and walk away with a substantial profit.

Filed Under: News for Sellers

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"As an out-of-state buyer, I needed to find the right person to be my local contact. And Russ was that person. He knows the area and had a lot of patience to show me around. He also did not push his opinion but was willing to give it to me when asked. The end result? With Russ’s help I have purchased the right home in the right area for the right price! I never could have done that without the expertise Russ brings to the process."
- D.H., Mogadore OH
"Russ was so professional and knowledgeable. He helped us every step of the way. He’s still there for us when we have questions. I would highly recommend Russ to anyone looking to purchase a home in Green Valley."
- T.M., Green Valley AZ
"Russ was always very responsive and returned calls in timely manner. Was extremely Calm and rational when going gets jiggy. Keeps any drama from becoming dramatic. His experience in executive management is an asset when dealing with the variety of challenges related to closing the sale. I Highly recommend him to handle complicated transactions. "
- M.L., Tucson AZ
"Russ went far beyond my expectations! He not only helped before, during and after my purchase, he has great knowledge of anything I needed information with. This was the BEST Real Estate purchase I’ve ever made, Russ’ service for me was flawless. Thank You Russ!"
- B.G., Green Valley AZ
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Russ Fortuno

I'm a Southern Arizona native and full-time Green Valley resident. Whether you’re buying or selling a home in the Green Valley or Sahuarita area, you’ll experience unsurpassed service and professionalism at all stages of your real estate transaction. I welcome the opportunity to assist in your next home sale or purchase.
Meet Russ

Tierra Antigua Realty

18745 S. I-19 Frontage Rd., Ste. A105
Green Valley, AZ 85614
(520) 333-0446
Contact Russ

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