Report: Few Houstonians are underwater on their homes

With the growing occurrences of floods throughout the country, the firm Fannie Mae released a report regarding home equity data from CoreLogic. In their report, there is a significant drop of numbers in the country’s underwater homes since the time of the Great Depression. In their report, Fannie Mae reported that 92% of borrowers residing in 46.7 million homes throughout the country have positive home equities with 4 million borrowers underwater. Houston is currently on rank number 6 in the CoreLogic/Fannie Mae analysis out of 176 cities it has studied with 98.3% positive home equity. It is San Francisco which has the lowest number of homes underwater with 99.4% of homes on positive equity.

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