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28% of Florida Properties Still in Negative Equity

by Peter Thomas Ricci

How had the negative equity situation, both at home and abroad, progressed the last few months?

Nearly 72 percent of mortgaged properties in Florida are in positive equity, according to the latest Equity Report from CoreLogic.

That makes Florida the weakest mortgage market in the nation; at 78.5 percent, Arizona is the only other state in the U.S. with an equity share under 80 percent. And with 3.6 percent of mortgaged properties at near negative equity and just 3.2 percent at near equity, the Sunshine State still has some ways to go.

How does Florida’s market, though, compare to the rest of the nation? Our graphic below summarizes some of the main findings from CoreLogic’s report.

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