negative equity


Also found in: Thesaurus, Financial, Encyclopedia, Wikipedia.

negative equity

n
(Economics) the state of holding a property the value of which is less than the amount of mortgage still unpaid
Mentioned in ?
References in periodicals archive ?
Despite improvements in the negative equity rate, underwater mortgages are holding back the housing market from full recovery, especially in hard-hit areas.
7 percent of Manchester-Nashua homes are in negative equity a significant improvement from a year ago, according to property information and analytics firm CoreLogic.
Home-price appreciation and foreclosure completions both reduce the number of homeowners with negative equity; the latter because most homeowners who lost homes through foreclosure had some level of negative equity," said Frank Nothaft, chief economist for CoreLogic.
2 percent of whose owners are burdened by underwater mortgages, sometimes called negative equity.
MORE people are now concerned about surging house prices than being stuck in negative equity in regions across the UK as fears about homes becoming unaffordable spread across the country.
MORE people are now concerned about surging house prices than about being stuck in negative equity in 10 out of 12 regions across the UK, as fears about homes becoming unaffordable spread across the country, a report has found.
MORE than 12,000 households in Wales are in negative equity - meaning the houses are now worth less than the amount owners borrowed to buy them, figures show.
TWO out of three homeowners who borrowed during the boom are in negative equity, a report has revealed.
homeowners with negative equity, or underwater mortgages, fell in the second quarter as home prices increased and inventory fell, foreclosure data firm CoreLogic said Wednesday.
According to Core-Logic, the number of home owners with negative equity or near negative equity on their mortgages remains largely unchanged since the height of the housing crisis in December 2009.
I believe the NewBuy mortgages will be just another of those initiatives which could lead to people being trapped in negative equity.
CoreLogic, a provider of information, analytics and business services, released negative equity data showing that 11.