How many other houses in the greater Phoenix area are losing money?
How many houses are still losing money in the greater Phoenix area? There have been significantly fewer homes losing money in the greater Phoenix area. This is not unexpected at all, because there are a large number of bankrupt houses, and housing...
How many houses are still losing money in the greater Phoenix area? There have been significantly fewer homes losing money in the greater Phoenix area. This is not unexpected at all, as there has been a significant decrease in bankruptcies and the median home price has increased by nearly 40% compared to last year. According to Zillow's third-quarter report, 45.5% of homes still lost money, down from 51.6% in the second quarter. Many real estate analysts believe Zillow's numbers are still on the high side, with nearly 352,444 homeowners still losing money. The area with the largest losses in Phoenix is the 85043 ZIP code. Nearly 74% of people borrowed more than their home was worth. Nationwide, 30% of property owners are still losing money. For more information about real estate, please contact Tinna of Goldtrust Realty (480)287-0180 E-mail:Goldtrustrealty2010@gmail.com
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