One in two homes in Tampa area underwater

Nearly half the homes in the Tampa-St. Petersburg market are financially underwater, or upside down, according to a new report from First American CoreLogic. The latest statistics show that 332,968 homes, or 48.5 percent in the Greater Tampa area, were in negative equity during the fourth quarter. Another 28,182, or 4.1 percent, were near negative equity in the market. That is in-line with Florida as a whole, which reported 48 percent negative equity, behind only Nevada with 70 percent underwater and Arizona with 51 percent upside down. Florida had the second-highest number of underwater mortgages at 2.2 million, behind California with 2.4 million.

Click here to enter the Tampa Realtors MLS (updated daily)
Register to receive an email every morning of today's new listings
Visit my website or contact me by email