With the run up in home prices in Texas during the last few years, you don’t hear much about undervalued housing. Indeed, less than 2 percent of the Lone Star State’s residents owe more than their house is worth – the lowest percentage of underwater homeowners in the country, according to a new report by CoreLogic. Nationwide, about 8 percent of homeowners still have mortgages higher than their property value. In the Dallas area, only 1.8 percent of homeowners are upside down in their mortgage. Back in 2009, almost 30 percent of Dallas-area homes were worth less than the mortgage. Dallas was one of the top markets for home equity, according to CoreLogic. The cities with the lowest number of underwater homes in the first quarter included San Francisco, Denver and Houston along with Dallas.
- Dallas Morning New
s, June 8, 2016