There are five states with the most insolvent housing in the United States, and Nevada is the worst.

There are five states in the U.S. with the most insolvent housing, and Nevada is the worst. Experts generally believe that the U.S. housing market has gradually left the bottom and is expected to recover slowly in the next few years. But according to...

The five states with the most insolvent housing in the United States, Nevada is the worst. Experts generally believe that the U.S. housing market has gradually left the bottom and is expected to recover slowly in the next few years. However, according to a report released this month by real estate analysis agency CoreLogic, at the end of the first quarter of 2012, the number of insolvent houses (or drowning houses) in the United States was still as high as 11.4 million (23.7%). Since the housing bubble burst in 2006, U.S. home prices have fallen 32.6%. The total housing prices of mortgage households in the United States are US$12.2 trillion, and the amount of mortgage loans is US$8.6 trillion. In other words, the loan amount of mortgage households accounts for approximately 70.5% of the total housing value. However, there are 5 states in the United States where the ratio reaches (or exceeds) 80%. The following is a summary of the 5 states with the worst housing insolvency in the United States based on the CoreLogic report by the U.S. financial website "24/7 Wall St.": 1. Nevada House insolvency ratio: 61.2% Total house price: $93.39 billion (23rd lowest in the United States) Mortgage balance: $106.45 billion (21st highest) 90-day mortgage default rate: 12.1% (second highest) In the United States, no state has experienced a greater decline in housing prices than Nevada. Between 2006 and 2011, housing prices fell by nearly 60%, exceeding the national average decline of 7.2%. In 2011 alone, housing prices fell by a further 9.4%. This brings the state’s mortgage-to-home price ratio to 114%. According to statistics, the state's Las Vegas housing prices experienced the worst decline, falling 63.2% between 2006 and 2011. The state's unemployment rate is as high as 11.6%, the highest in the United States. 2. Florida Home insolvency ratio: 45.1% Total housing prices: $777.34 billion (third highest in the United States) Mortgage balance: $684.97 billion (second highest) 90-day mortgage default rate: 16.8% (highest in the United States) Between 2006 and 2011, Florida home prices fell by nearly 50%. At the end of the first quarter of this year, 1.9 million households were unable to pay their housing debt, and 168,000 households were close to defaulting on their mortgage loans. The state's mortgage balance reaches $658 billion, second only to California in the United States. Florida's unemployment rate is 8.6%, which is higher than the national average of 8.2%. 3. Arizona Home insolvency ratio: 43.4% Total house prices: $249.17 billion (17th highest in the United States) Mortgage balance: $221.71 billion (15th highest) 90-day mortgage default rate: 5.8% (20th highest) Home prices in the state boomed in the mid-2000s until they began to falter in 2007-2008, and Case-Shiller predicts Arizona home prices will fall another 9 percent in 2012. Although there are some signs that the state's housing market is beginning to recover. For example, house prices increased by US$6 billion from the fourth quarter of 2011 to the first quarter of 2012, and the mortgage balance also decreased by US$4.5 billion during the same period, the housing insolvency rate is as high as 48.3%, the second highest in the United States. 4. Georgia Home insolvency ratio: 37.2% Total housing prices: $293.01 billion (15th highest in the United States) Mortgage balance: $246.52 billion (11th highest) 90-day mortgage default rate: 7.2% (8th highest) In 2011, housing prices in the state fell by 12.7%, the highest decline in the United States. Since the end of 2006, house prices have fallen by nearly 35% and are expected to fall by another 4.2% in 2012. More than 7% of the state's mortgage households defaulted in April, and the total mortgage balance was US$246.52 billion, accounting for approximately 84.1% of the overall housing price. It is the fourth-highest ratio of mortgage loans to housing prices in the United States. 5. Michigan Home insolvency ratio: 35.6% Total house prices: $193.15 billion (18th highest in the United States) Mortgage balance: $161.24 billion (18th highest) 90-day mortgage default rate: 5.5% (24th highest) Although more than one-third of the houses are insolvent, there are still some bright spots in Michigan: house prices rose by 1.7% in 2011, and the unemployment rate in May was 8.5%, which was also significantly lower than the 15% in June 2010.