Washington state is far from the top of the list of states with mortgages that are under-water (i.e. worth more than the value of the home). But we're catching up fast. According to the chart, 10% of all Washington state mortgages are under water, and an additional 3% of mortgages are right on the line.
It would be fascinating to see how this compares historically. Were there a higher percentage of under-water Washington mortgages back in the '70s?
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10% of Washington mortgages are under water
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10% of Washington mortgages are under water
by sniglet » Thu Mar 05, 2009 5:19 pm
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