Real Estate News

Tacoma-Lakewood financially underwater homes declined in Q1

Homes financially underwater?

Not so much anymore.

The data analytics firm CoreLogic reported this week that in the Tacoma-Lakewood area, 19,685 homes or 10.6 percent of all residential properties with a mortgage, were in “negative equity” at the end of the first quarter this year.

These figures compare with 30,598 homes, or 16.6 percent of all mortgaged homes, that were in negative equity in the area at the end of the first quarter last year. At the end of the fourth quarter 2014, 23,036 homes, or 12.5 percent, were underwater.

Among other data in Tuesday’s report: