Thursday, June 02, 2011

Locust Hills housing

The birdhouse

Locust Hills housing
Very affordable housing. Not underwater.

"the real estate website calculates that more than 268,000 Twin Cities area single-family homeowners with mortgages owe more than their homes are worth. That number is about 41.2 percent of the total. That compares with an estimated national average of 23.3 percent of single-family mortgages with negative equity, according to the report.
Such “underwater” mortgages in the metro area swelled by about 14,000 from December to March and pushed the metro area’s ranking up one place to No. 25 among 135 metropolitan statistical areas (MSAs) tracked by Zillow."


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